Integrated Advisors Network LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Integrated Advisors Network LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,418 shares of the financial services provider’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harris Associates L P lifted its position in CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after purchasing an additional 683,225 shares during the period. Principal Financial Group Inc. lifted its position in CBRE Group by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 6,867,581 shares of the financial services provider’s stock worth $639,303,000 after purchasing an additional 46,763 shares during the period. Allspring Global Investments Holdings LLC lifted its position in CBRE Group by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider’s stock worth $546,330,000 after purchasing an additional 44,648 shares during the period. Cantillon Capital Management LLC lifted its position in CBRE Group by 13.1% in the fourth quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider’s stock worth $485,512,000 after purchasing an additional 603,771 shares during the period. Finally, Northern Trust Corp lifted its position in CBRE Group by 4.4% in the third quarter. Northern Trust Corp now owns 4,141,955 shares of the financial services provider’s stock worth $305,925,000 after purchasing an additional 174,362 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 1.5 %

Shares of NYSE CBRE opened at $88.67 on Thursday. The business has a fifty day moving average of $87.63 and a two-hundred day moving average of $89.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The stock has a market cap of $27.21 billion, a PE ratio of 27.62 and a beta of 1.41.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBRE shares. Jefferies Financial Group started coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Evercore ISI lifted their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Finally, StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, one has issued 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 “Hold” and a consensus target price of $99.50.

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.