Ifrah Financial Services Inc. Sells 200 Shares of CBRE Group, Inc. (NYSE:CBRE)

Ifrah Financial Services Inc. lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,941 shares of the financial services provider’s stock after selling 200 shares during the period. Ifrah Financial Services Inc.’s holdings in CBRE Group were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CBRE. Canton Hathaway LLC bought a new position in CBRE Group during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the third quarter worth about $32,000. Catalyst Capital Advisors LLC lifted its stake in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 238 shares during the period. CENTRAL TRUST Co lifted its stake in CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 302 shares during the period. Finally, Versant Capital Management Inc lifted its stake in CBRE Group by 3,969.2% during the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 516 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CBRE shares. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday. 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. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $149.33.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $143.89 on Monday. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $136.08 and a 200 day simple moving average of $127.70. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. Research analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

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.