Gulf International Bank UK Ltd Buys 210 Shares of CBRE Group, Inc. (NYSE:CBRE)

Gulf International Bank UK Ltd grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,663 shares of the financial services provider’s stock after buying an additional 210 shares during the period. Gulf International Bank UK Ltd’s holdings in CBRE Group were worth $2,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in shares of CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares in the last quarter. Headinvest LLC purchased a new position in shares of CBRE Group during the third quarter worth about $44,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CBRE Group in the fourth quarter worth approximately $45,000. Bruce G. Allen Investments LLC purchased a new stake in CBRE Group in the fourth quarter worth approximately $48,000. Finally, Planned Solutions Inc. purchased a new stake in CBRE Group in the fourth quarter worth approximately $52,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

NYSE:CBRE opened at $90.38 on Friday. The firm has a market cap of $27.73 billion, a PE ratio of 28.16 and a beta of 1.41. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50 day moving average price of $87.63 and a 200-day moving average price of $89.29.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion during 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Equities research analysts predict that CBRE Group, Inc. will post 4.5 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the subject of several research reports. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.