Smartleaf Asset Management LLC Grows Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Smartleaf Asset Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,530 shares of the financial services provider's stock after acquiring an additional 2,802 shares during the quarter. Smartleaf Asset Management LLC's holdings in CBRE Group were worth $1,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its stake in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in CBRE Group in the fourth quarter worth approximately $190,695,000. Manning & Napier Advisors LLC bought a new position in CBRE Group in the fourth quarter worth approximately $175,978,000. Robeco Institutional Asset Management B.V. increased its position in shares of CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after acquiring an additional 993,963 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of CBRE Group by 1,499.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider's stock worth $139,162,000 after acquiring an additional 993,687 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 price target for the company. Finally, Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

CBRE Group Price Performance

Shares of NYSE:CBRE traded down $6.58 during midday trading on Thursday, hitting $135.73. The stock had a trading volume of 744,383 shares, compared to its average volume of 1,836,411. The company's 50-day moving average price is $137.89 and its 200-day moving average price is $130.53. The company has a market capitalization of $40.72 billion, a P/E ratio of 43.14 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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 return on equity of 16.96% and a net margin of 2.71%. As a group, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.