CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Ycg LLC

Ycg LLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 47.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,391 shares of the financial services provider’s stock after selling 183,674 shares during the period. CBRE Group comprises about 2.1% of Ycg LLC’s investment portfolio, making the stock its 22nd biggest holding. Ycg LLC owned approximately 0.07% of CBRE Group worth $26,966,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Algert Global LLC acquired a new position in CBRE Group during the 3rd quarter valued at about $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new position in CBRE Group during the 4th quarter valued at about $1,518,000. Merit Financial Group LLC acquired a new position in CBRE Group during the 4th quarter valued at about $256,000. Fulton Bank N.A. boosted its stake in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after purchasing an additional 19,227 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 3,807 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.1 %

Shares of CBRE Group stock opened at $125.81 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The firm has a market cap of $37.75 billion, a PE ratio of 40.07 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a fifty day moving average price of $137.72 and a 200-day moving average price of $131.09.

CBRE Group (NYSE:CBRE) last issued its quarterly 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 return on equity of 16.96% and a net margin of 2.71%. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CBRE shares. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup boosted their target price 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. Morgan Stanley boosted 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. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company 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 stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price 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.