First Horizon Advisors Inc. Has $220,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

First Horizon Advisors Inc. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 81.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,675 shares of the financial services provider’s stock after acquiring an additional 752 shares during the period. First Horizon Advisors Inc.’s holdings in CBRE Group were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBRE. Canton Hathaway LLC bought a new stake in CBRE Group in the third quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC increased its position in shares of CBRE Group by 190.4% during the 4th 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 in the last quarter. CENTRAL TRUST Co lifted its holdings in CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 302 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in CBRE Group by 3,969.2% during the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 516 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Trading Up 0.6 %

Shares of CBRE opened at $138.67 on Wednesday. The stock’s fifty day simple moving average is $136.55 and its 200-day simple moving average is $129.38. The firm has a market capitalization of $41.61 billion, a PE ratio of 44.16 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.