Quantbot Technologies LP Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Quantbot Technologies LP bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 11,501 shares of the financial services provider's stock, valued at approximately $1,118,000.

A number of other hedge funds have also made changes to their positions in the company. Harris Associates L P increased its position in CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider's stock valued at $1,489,919,000 after acquiring an additional 683,225 shares in the last quarter. Principal Financial Group Inc. increased its position in CBRE Group by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 6,936,745 shares of the financial services provider's stock valued at $674,529,000 after acquiring an additional 69,164 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in CBRE Group by 2.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider's stock valued at $586,739,000 after acquiring an additional 165,094 shares in the last quarter. Cantillon Capital Management LLC increased its position in CBRE Group by 13.1% in the 4th quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider's stock valued at $485,512,000 after acquiring an additional 603,771 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of CBRE Group by 164.1% during the 4th quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider's stock worth $419,387,000 after buying an additional 2,799,097 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CBRE shares. Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 2nd. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. UBS Group lowered their price target on shares of CBRE Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group started coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a "hold" rating and a $107.00 price target for the company. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $101.17.

CBRE Group Stock Up 1.6 %

Shares of CBRE stock traded up $1.53 during trading on Friday, reaching $94.65. The company's stock had a trading volume of 1,135,484 shares, compared to its average volume of 1,401,683. The business has a fifty day moving average price of $88.37 and a 200-day moving average price of $89.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market cap of $29.04 billion, a price-to-earnings ratio of 29.49 and a beta of 1.40. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Analysts anticipate that CBRE Group, Inc. will post 4.5 earnings per share for the current year.

About CBRE Group

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.