Catalyst Capital Advisors LLC Buys 238 Shares of CBRE Group, Inc. (NYSE:CBRE)

Catalyst Capital Advisors LLC increased its position in CBRE Group, Inc. (NYSE:CBRE) by 190.4% during the 4th quarter, Holdings Channel reports. The firm owned 363 shares of the financial services provider’s stock after acquiring an additional 238 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in CBRE Group were worth $48,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CBRE. Canton Hathaway LLC purchased a new stake in CBRE Group during the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth $32,000. CENTRAL TRUST Co lifted its stake in shares of CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 302 shares during the last quarter. Versant Capital Management Inc boosted its position in CBRE Group by 3,969.2% during the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 516 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in CBRE Group by 680.0% in the third quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 544 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBRE. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.33.

CBRE Group Trading Down 0.0 %

Shares of NYSE:CBRE opened at $143.67 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 46.20 and a beta of 1.39. The business has a 50-day moving average price of $136.21 and a 200-day moving average price of $128.02.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. Equities analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current 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.