Sendero Wealth Management LLC Increases Stake in CBRE Group, Inc. (NYSE:CBRE)

Sendero Wealth Management LLC increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,156 shares of the financial services provider’s stock after buying an additional 6,426 shares during the period. CBRE Group comprises 1.4% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Sendero Wealth Management LLC’s holdings in CBRE Group were worth $7,892,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in CBRE Group during the 4th quarter worth $844,000. AJOVista LLC acquired a new position in CBRE Group during the fourth quarter worth about $208,000. Fisher Asset Management LLC raised its position in shares of CBRE Group by 103.8% in the fourth quarter. Fisher Asset Management LLC now owns 44,065 shares of the financial services provider’s stock valued at $4,102,000 after buying an additional 22,442 shares during the last quarter. SG Americas Securities LLC grew its holdings in CBRE Group by 795.4% in the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after purchasing an additional 125,071 shares during the period. Finally, DNB Asset Management AS grew its holdings in CBRE Group by 37.9% in the fourth quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock valued at $11,975,000 after purchasing an additional 35,386 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CBRE Group Stock Performance

Shares of CBRE stock traded up $0.61 during trading hours on Friday, reaching $89.11. The stock had a trading volume of 2,251,388 shares, compared to its average volume of 1,684,981. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The firm has a 50-day simple moving average of $87.95 and a 200-day simple moving average of $89.46. The firm has a market capitalization of $27.34 billion, a PE ratio of 27.76 and a beta of 1.41.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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 net margin of 3.06% and a return on equity of 12.96%. The business had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter last year, the company earned $0.92 EPS. The company’s revenue for the quarter 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 earnings per share 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.