5,031 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, HoldingsChannel reports. The firm purchased 5,031 shares of the financial services provider’s stock, valued at approximately $661,000.

Several other large investors also recently bought and sold shares of CBRE. Stephens Inc. AR increased its holdings in CBRE Group by 3.1% during the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 80 shares during the period. Farther Finance Advisors LLC increased its holdings in CBRE Group by 18.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,771 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 271 shares during the period. Van ECK Associates Corp increased its holdings in CBRE Group by 7.4% during the 3rd quarter. Van ECK Associates Corp now owns 8,479 shares of the financial services provider’s stock worth $1,044,000 after purchasing an additional 587 shares during the period. National Pension Service increased its holdings in CBRE Group by 7.7% during the 3rd quarter. National Pension Service now owns 533,699 shares of the financial services provider’s stock worth $66,435,000 after purchasing an additional 38,186 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of CBRE Group by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 118,923 shares of the financial services provider’s stock valued at $14,804,000 after acquiring an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CBRE. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Morgan Stanley raised their price target on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI dropped their price target 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. 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 price target on the stock. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Performance

CBRE Group stock opened at $142.36 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a fifty day moving average of $137.89 and a two-hundred day moving average of $130.53. The company has a market capitalization of $42.71 billion, a price-to-earnings ratio of 45.34 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS 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.