Paradigm Asset Management Co. LLC Has $184,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Paradigm Asset Management Co. LLC trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,400 shares of the financial services provider’s stock after selling 1,000 shares during the period. Paradigm Asset Management Co. LLC’s holdings in CBRE Group were worth $184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canton Hathaway LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group during the third quarter valued at $32,000. Catalyst Capital Advisors LLC grew its holdings in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares in the last quarter. CENTRAL TRUST Co raised its position in CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares during the period. Finally, Versant Capital Management Inc lifted its stake in CBRE Group by 3,969.2% in the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 516 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 4.2 %

Shares of CBRE stock opened at $135.72 on Friday. The firm has a fifty day moving average of $136.53 and a 200-day moving average of $128.46. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. 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 results 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 net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CBRE. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI lowered their price target 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. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.