US Bancorp DE Has $11.64 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

US Bancorp DE grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,621 shares of the financial services provider's stock after acquiring an additional 4,575 shares during the quarter. US Bancorp DE's holdings in CBRE Group were worth $11,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CBRE. Canton Hathaway LLC bought a new stake in CBRE Group during the third quarter worth approximately $27,000. Denver PWM LLC acquired a new position in shares of CBRE Group during the 4th quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth $32,000. Catalyst Capital Advisors LLC lifted its holdings in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after buying an additional 238 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock valued at $64,000 after buying an additional 302 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 2.4 %

Shares of NYSE CBRE traded down $3.15 during mid-day trading on Friday, reaching $130.51. The company had a trading volume of 2,610,987 shares, compared to its average volume of 1,882,393. The stock has a market capitalization of $39.16 billion, a PE ratio of 41.56 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock's 50 day moving average is $137.92 and its 200-day moving average is $130.55.

Remove Ads

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 for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price target on the stock. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

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.