Principal Securities Inc. Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Principal Securities Inc. lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,308 shares of the financial services provider's stock after acquiring an additional 2,937 shares during the quarter. Principal Securities Inc.'s holdings in CBRE Group were worth $1,747,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CBRE. Algert Global LLC acquired a new position in CBRE Group during the third quarter valued at $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group in the 4th quarter worth about $1,518,000. Merit Financial Group LLC acquired a new position in CBRE Group in the 4th quarter valued at $256,000. Fulton Bank N.A. lifted its stake in shares of CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after buying an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CBRE Group Trading Down 4.2 %

Shares of CBRE stock traded down $5.95 on Friday, hitting $135.72. The stock had a trading volume of 1,481,086 shares, compared to its average volume of 1,837,485. The company's 50 day moving average price is $136.53 and its 200-day moving average price is $128.46. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The firm has a market capitalization of $40.72 billion, a P/E ratio of 43.22 and a beta of 1.39.

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

CBRE Group 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.