Crewe Advisors LLC Makes New $30,000 Investment in CBRE Group, Inc. (NYSE:CBRE)

Crewe Advisors LLC acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 311 shares of the financial services provider’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Castle Hook Partners LP bought a new stake in CBRE Group in the first quarter worth about $2,116,000. Natixis raised its position in CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock worth $5,350,000 after acquiring an additional 22,464 shares in the last quarter. Pitcairn Co. raised its position in CBRE Group by 14.7% in the first quarter. Pitcairn Co. now owns 3,465 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 443 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in CBRE Group in the first quarter worth about $2,820,000. Finally, CANADA LIFE ASSURANCE Co raised its position in CBRE Group by 0.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 336,984 shares of the financial services provider’s stock worth $32,802,000 after acquiring an additional 2,133 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 9.2 %

NYSE CBRE traded up $9.06 on Thursday, hitting $107.36. 4,433,613 shares of the company were exchanged, compared to its average volume of 1,663,046. The company’s 50 day moving average price is $90.20 and its 200-day moving average price is $89.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $32.94 billion, a P/E ratio of 33.45 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $110.55.

CBRE Group (NYSE:CBRE) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts predict that CBRE Group, Inc. will post 4.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CBRE shares. Evercore ISI boosted their price target 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. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday. Raymond James boosted their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday. Finally, Morgan Stanley assumed coverage on CBRE Group in a report on Thursday. They set an “equal weight” rating and a $105.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.14.

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.