Flputnam Investment Management Co. Grows Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Flputnam Investment Management Co. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,924 shares of the financial services provider’s stock after buying an additional 1,516 shares during the quarter. Flputnam Investment Management Co.’s holdings in CBRE Group were worth $6,817,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the period. Geode Capital Management LLC raised its position in CBRE Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock valued at $950,270,000 after purchasing an additional 56,888 shares during the period. Principal Financial Group Inc. raised its position 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 valued at $998,039,000 after purchasing an additional 177,119 shares during the period. FMR LLC raised its position in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock valued at $391,752,000 after purchasing an additional 338,298 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE stock opened at $141.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $137.32 and a 200 day moving average price of $129.90. The company has a market cap of $42.57 billion, a P/E ratio of 45.19 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBRE. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $149.89.

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.