MJP Associates Inc. ADV Has $791,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

MJP Associates Inc. ADV increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 35.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,135 shares of the financial services provider’s stock after purchasing an additional 2,142 shares during the period. MJP Associates Inc. ADV’s holdings in CBRE Group were worth $791,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its position in CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares during the last quarter. Headinvest LLC bought a new position in CBRE Group in the 3rd quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CBRE Group in the fourth quarter valued at approximately $45,000. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group during the fourth quarter worth $48,000. Finally, Planned Solutions Inc. acquired a new position in shares of CBRE Group during the fourth quarter worth $52,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 0.2 %

Shares of NYSE:CBRE traded up $0.20 during trading on Friday, reaching $90.38. The stock had a trading volume of 3,747,016 shares, compared to its average volume of 1,581,081. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The firm’s fifty day moving average is $87.63 and its 200 day moving average is $89.29. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of 28.16 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the business posted $0.92 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. Finally, Evercore ISI raised their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $99.50.

CBRE Group 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.