Personal CFO Solutions LLC Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

Personal CFO Solutions LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,095 shares of the financial services provider’s stock after acquiring an additional 1,657 shares during the period. Personal CFO Solutions LLC’s holdings in CBRE Group were worth $2,507,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Amundi grew its position in CBRE Group by 10.7% during the fourth quarter. Amundi now owns 1,375,982 shares of the financial services provider’s stock valued at $178,575,000 after acquiring an additional 132,581 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of CBRE Group by 8.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,707 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 211 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 281 shares in the last quarter. Andra AP fonden lifted its stake in shares of CBRE Group by 19.4% during the fourth quarter. Andra AP fonden now owns 162,300 shares of the financial services provider’s stock worth $21,308,000 after purchasing an additional 26,400 shares in the last quarter. Finally, West Family Investments Inc. acquired a new position in shares of CBRE Group during the fourth quarter worth about $202,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent research reports. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Trading Down 2.4 %

NYSE:CBRE opened at $130.51 on Friday. The business’s 50-day simple moving average is $137.91 and its 200 day simple moving average is $130.81. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock has a market cap of $39.16 billion, a price-to-earnings ratio of 41.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last announced 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 return on equity of 16.96% and a net margin of 2.71%. As a group, sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.