Kornitzer Capital Management Inc. KS Sells 13,804 Shares of CBRE Group, Inc. (NYSE:CBRE)

Kornitzer Capital Management Inc. KS trimmed its stake in CBRE Group, Inc. (NYSE:CBRE) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,674 shares of the financial services provider’s stock after selling 13,804 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in CBRE Group were worth $10,198,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CBRE. State Street Corp lifted its holdings in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Geode Capital Management LLC increased its stake in CBRE Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after buying an additional 56,888 shares in the last quarter. Principal Financial Group Inc. increased its stake in CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after buying an additional 177,119 shares in the last quarter. FMR LLC increased its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after buying an additional 3,498,244 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in CBRE Group by 12.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock worth $391,752,000 after buying an additional 338,298 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.0 %

Shares of NYSE CBRE opened at $143.67 on Wednesday. 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 company has a market cap of $43.96 billion, a P/E ratio of 46.20 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a 50-day simple moving average of $136.21 and a two-hundred day simple moving average of $128.02.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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 anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI cut their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.33.

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.