Andra AP fonden Acquires 26,400 Shares of CBRE Group, Inc. (NYSE:CBRE)

Andra AP fonden increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 19.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 162,300 shares of the financial services provider’s stock after acquiring an additional 26,400 shares during the period. Andra AP fonden’s holdings in CBRE Group were worth $21,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBRE. FMR LLC lifted its stake in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group during the 4th quarter worth approximately $190,695,000. Manning & Napier Advisors LLC bought a new stake in CBRE Group during the 4th quarter valued at $175,978,000. Los Angeles Capital Management LLC raised its position in CBRE Group by 1,499.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock valued at $139,162,000 after purchasing an additional 993,687 shares in the last quarter. Finally, State Street Corp raised its position in CBRE Group by 5.4% during the 3rd 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. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 6.2 %

CBRE opened at $133.52 on Friday. The firm has a market cap of $40.06 billion, a price-to-earnings ratio of 42.52 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a fifty day moving average price of $137.92 and a 200-day moving average price of $130.55.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CBRE shares. Evercore ISI decreased their target price 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. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised 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 report on Monday, December 16th. Finally, Citigroup lifted their target price 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 research 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.