Principal Securities Inc. Has $1.75 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Principal Securities Inc. boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,308 shares of the financial services provider’s stock after buying an additional 2,937 shares during the quarter. Principal Securities Inc.’s holdings in CBRE Group were worth $1,747,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CBRE. Exchange Traded Concepts LLC increased its position in CBRE Group by 680.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider’s stock worth $78,000 after buying an additional 544 shares during the period. Creative Planning boosted its position in shares of CBRE Group by 5.9% in the third quarter. Creative Planning now owns 37,804 shares of the financial services provider’s stock valued at $4,706,000 after acquiring an additional 2,092 shares during the period. Bleakley Financial Group LLC grew its stake in shares of CBRE Group by 6.9% in the third quarter. Bleakley Financial Group LLC now owns 4,845 shares of the financial services provider’s stock worth $603,000 after acquiring an additional 314 shares during the last quarter. OLD National Bancorp IN bought a new position in CBRE Group during the third quarter worth $230,000. Finally, Signaturefd LLC raised its stake in CBRE Group by 5.2% during the 3rd quarter. Signaturefd LLC now owns 4,975 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CBRE shares. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.33.

CBRE Group Trading Down 0.0 %

Shares of CBRE opened at $143.67 on Wednesday. The stock has a 50 day simple moving average of $136.21 and a 200-day simple moving average of $128.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $43.96 billion, a PE ratio of 46.20 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year 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, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

CBRE Group 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.