Transcend Capital Advisors LLC Lowers Position in CBRE Group, Inc. (NYSE:CBRE)

Transcend Capital Advisors LLC decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,280 shares of the financial services provider’s stock after selling 1,092 shares during the period. Transcend Capital Advisors LLC’s holdings in CBRE Group were worth $562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the third quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group during the third quarter worth about $32,000. Catalyst Capital Advisors LLC boosted its holdings in CBRE Group by 190.4% during 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 in the last quarter. CENTRAL TRUST Co boosted its holdings in CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after buying an additional 302 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in CBRE Group by 3,969.2% during the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after buying an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE opened at $135.72 on Friday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company’s 50 day simple moving average is $136.50 and its 200 day simple moving average is $128.66. The company has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. 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 posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (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%. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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