CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Advisor OS LLC

Advisor OS LLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 85.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,616 shares of the financial services provider’s stock after selling 15,810 shares during the period. Advisor OS LLC’s holdings in CBRE Group were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FFT Wealth Management LLC grew its holdings in CBRE Group by 0.6% during the fourth quarter. FFT Wealth Management LLC now owns 20,024 shares of the financial services provider’s stock worth $2,629,000 after acquiring an additional 123 shares during the period. Los Angeles Capital Management LLC grew its holdings in CBRE Group by 1,499.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after acquiring an additional 993,687 shares during the period. Edge Capital Group LLC grew its holdings in CBRE Group by 6.9% during the fourth quarter. Edge Capital Group LLC now owns 1,986 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 129 shares during the period. IFP Advisors Inc grew its holdings in CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 100 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in CBRE Group during the fourth quarter worth $746,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CBRE shares. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Down 0.7 %

Shares of NYSE:CBRE opened at $139.65 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The stock’s fifty day simple moving average is $137.07 and its 200-day simple moving average is $129.53. The company has a market capitalization of $41.90 billion, a P/E ratio of 44.48 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.