Mather Group LLC. Takes $147,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Mather Group LLC. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,579 shares of the financial services provider’s stock, valued at approximately $147,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Cary Street Partners Investment Advisory LLC increased its stake in shares of CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares during the period. Headinvest LLC bought a new stake in shares of CBRE Group during the 3rd quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $45,000. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $48,000. Finally, Planned Solutions Inc. bought a new stake in shares of CBRE Group during the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the topic of several research analyst reports. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. Finally, StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group currently has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Stock Up 1.7 %

Shares of NYSE:CBRE opened at $90.18 on Friday. The business’s 50 day simple moving average is $87.62 and its two-hundred day simple moving average is $89.18. The firm has a market cap of $27.67 billion, a P/E ratio of 28.09 and a beta of 1.41. 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.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. As a group, research analysts forecast that CBRE Group, Inc. will post 4.5 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.