CBRE Group, Inc. (NYSE:CBRE) Holdings Trimmed by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,674 shares of the financial services provider's stock after selling 13,804 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in CBRE Group were worth $10,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gilbert & Cook Inc. increased its holdings in CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after buying an additional 75 shares during the period. Lindbrook Capital LLC lifted its position in shares of CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after buying an additional 79 shares in the last quarter. Stephens Inc. AR raised its stake in CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 80 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in CBRE Group by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 82 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock valued at $957,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Down 4.2 %

Shares of NYSE CBRE traded down $5.95 during midday trading on Friday, reaching $135.72. 1,481,086 shares of the company's stock were exchanged, compared to its average volume of 1,837,485. The stock has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The business's fifty day moving average price is $136.53 and its two-hundred day moving average price is $128.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

CBRE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 target price for the company. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.