CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 35.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 34,246 shares of the financial services provider’s stock after acquiring an additional 9,052 shares during the period. Azzad Asset Management Inc. ADV’s holdings in CBRE Group were worth $3,330,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CBRE. Humankind Investments LLC increased its stake in CBRE Group by 5.3% during the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 146 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in CBRE Group by 0.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock valued at $3,955,000 after buying an additional 149 shares during the period. Greenfield Savings Bank raised its holdings in CBRE Group by 4.2% in the fourth quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock valued at $423,000 after buying an additional 184 shares during the period. Park Avenue Securities LLC lifted its position in CBRE Group by 0.7% during the first quarter. Park Avenue Securities LLC now owns 29,404 shares of the financial services provider’s stock valued at $2,859,000 after buying an additional 194 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its stake in CBRE Group by 0.8% during the first quarter. Gulf International Bank UK Ltd now owns 25,663 shares of the financial services provider’s stock worth $2,495,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.4 %

NYSE:CBRE traded up $0.35 during mid-day trading on Wednesday, reaching $87.43. The stock had a trading volume of 153,483 shares, compared to its average volume of 1,665,279. The company has a market capitalization of $26.83 billion, a price-to-earnings ratio of 27.24 and a beta of 1.40. The stock’s 50 day simple moving average is $87.95 and its two-hundred day simple moving average is $89.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that CBRE Group, Inc. will post 4.5 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CBRE shares. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. Evercore ISI boosted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, UBS Group cut their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $101.17.

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.