Gulf International Bank UK Ltd Decreases Stake in CBRE Group, Inc. (NYSE:CBRE)

Gulf International Bank UK Ltd lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,320 shares of the financial services provider’s stock after selling 230 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CBRE Group were worth $3,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in CBRE Group by 5.4% in 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 during the period. Geode Capital Management LLC raised its position in CBRE Group by 0.7% during 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 during the last quarter. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after acquiring an additional 177,119 shares during the period. FMR LLC raised its holdings in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of CBRE Group by 12.8% during 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. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Jefferies Financial Group upgraded shares of 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 note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Raymond James lowered shares of 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Down 0.7 %

NYSE:CBRE opened at $139.65 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $137.07 and a 200-day moving average of $129.53. The firm has a market capitalization of $41.90 billion, a PE ratio of 44.48 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last issued 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 return on equity of 16.96% and a net margin of 2.71%. Analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current 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.