Bank Julius Baer & Co. Ltd Zurich Reduces Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 170,751 shares of the financial services provider’s stock after selling 15,595 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in CBRE Group were worth $23,609,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CBRE. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the fourth quarter valued at $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the third quarter worth $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the third quarter worth $32,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of 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. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CBRE. Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley increased their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods increased 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Performance

Shares of CBRE opened at $130.51 on Friday. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week 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. The firm has a 50-day moving average price of $137.91 and a 200 day moving average price of $130.81. The firm has a market capitalization of $39.16 billion, a PE ratio of 41.56 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.