Vivid Wealth Management LLC Purchases New Holdings in CBRE Group, Inc. (NYSE:CBRE)

Vivid Wealth Management LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,219 shares of the financial services provider's stock, valued at approximately $2,261,000.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after purchasing an additional 692,697 shares during the period. Geode Capital Management LLC increased its position in shares of CBRE Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider's stock worth $950,270,000 after acquiring an additional 56,888 shares in the last quarter. FMR LLC raised its holdings in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after acquiring an additional 277,922 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CBRE Group by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock valued at $763,909,000 after purchasing an additional 49,732 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 0.1 %

Shares of NYSE:CBRE traded down $0.18 during trading on Wednesday, reaching $143.62. 1,470,407 shares of the company traded hands, compared to its average volume of 1,858,721. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The firm has a market capitalization of $43.95 billion, a price-to-earnings ratio of 45.74 and a beta of 1.39. The business's fifty day moving average is $136.37 and its 200-day moving average is $128.26.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating 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, analysts forecast that CBRE Group, Inc. will post 6 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CBRE shares. Evercore ISI decreased their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James lowered shares of 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. Morgan Stanley upped their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target 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 research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.