D.A. Davidson & CO. Has $2.73 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

D.A. Davidson & CO. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,792 shares of the financial services provider’s stock after selling 1,559 shares during the period. D.A. Davidson & CO.’s holdings in CBRE Group were worth $2,730,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in CBRE Group by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 52,526 shares of the financial services provider’s stock worth $6,896,000 after buying an additional 2,716 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in CBRE Group by 21.8% in the fourth quarter. Sanctuary Advisors LLC now owns 23,847 shares of the financial services provider’s stock worth $3,450,000 after buying an additional 4,273 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after buying an additional 238 shares during the last quarter. Principal Financial Group Inc. increased its holdings in CBRE Group by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after buying an additional 177,119 shares during the last quarter. Finally, James Investment Research Inc. increased its holdings in CBRE Group by 1.9% in the fourth quarter. James Investment Research Inc. now owns 34,500 shares of the financial services provider’s stock worth $4,530,000 after buying an additional 647 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 4.2 %

CBRE opened at $135.72 on Friday. The stock has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The business has a 50 day moving average of $136.53 and a 200-day moving average of $128.46. 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 (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the topic of a number of research reports. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.