Ameritas Investment Partners Inc. Lowers Stake in CBRE Group, Inc. (NYSE:CBRE)

Ameritas Investment Partners Inc. reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 4.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,329 shares of the financial services provider’s stock after selling 170 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in CBRE Group were worth $324,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harris Associates L P grew its stake in shares of CBRE Group by 4.5% during the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after buying an additional 683,225 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 1.0% in the first quarter. Principal Financial Group Inc. now owns 6,936,745 shares of the financial services provider’s stock worth $674,529,000 after purchasing an additional 69,164 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of CBRE Group by 2.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider’s stock worth $586,739,000 after buying an additional 165,094 shares during the period. Cantillon Capital Management LLC increased its position in CBRE Group by 13.1% during the 4th quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider’s stock valued at $485,512,000 after purchasing an additional 603,771 shares during the period. Finally, Wellington Management Group LLP raised its holdings in CBRE Group by 164.1% in the 4th quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock worth $419,387,000 after purchasing an additional 2,799,097 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

CBRE opened at $98.32 on Thursday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $100.27. The stock has a 50-day moving average price of $89.89 and a 200-day moving average price of $89.75. The firm has a market cap of $30.17 billion, a PE ratio of 30.63 and a beta of 1.40. 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 (NYSE:CBRE) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that CBRE Group, Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of research reports. Evercore ISI increased their price target 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. UBS Group lowered their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group assumed 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. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $101.17.

CBRE Group Company 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.