2,418 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,418 shares of the financial services provider’s stock, valued at approximately $225,000.

Other large investors have also recently bought and sold shares of the company. Harris Associates L P raised its position in CBRE Group by 4.5% during the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after buying an additional 683,225 shares during the last quarter. Principal Financial Group Inc. raised its position in CBRE Group by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 6,867,581 shares of the financial services provider’s stock worth $639,303,000 after buying an additional 46,763 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in CBRE Group by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider’s stock worth $546,330,000 after buying an additional 44,648 shares during the last quarter. Cantillon Capital Management LLC raised its position in CBRE Group by 13.1% during the 4th quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider’s stock worth $485,512,000 after buying an additional 603,771 shares during the last quarter. Finally, Northern Trust Corp raised its position in CBRE Group by 4.4% during the 3rd quarter. Northern Trust Corp now owns 4,141,955 shares of the financial services provider’s stock worth $305,925,000 after buying an additional 174,362 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE opened at $88.67 on Thursday. The company has a 50-day simple moving average of $87.63 and a 200-day simple moving average of $89.17. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $27.21 billion, a PE ratio of 27.62 and a beta of 1.41. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65.

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

Wall Street Analysts Forecast Growth

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

CBRE Group Company 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.