Lake Street Advisors Group LLC Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

Lake Street Advisors Group LLC lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 112.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,181 shares of the financial services provider’s stock after acquiring an additional 2,747 shares during the period. Lake Street Advisors Group LLC’s holdings in CBRE Group were worth $504,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth about $45,000. Planned Solutions Inc. acquired a new stake in shares of CBRE Group during the fourth quarter worth about $52,000. EdgeRock Capital LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth about $59,000. CVA Family Office LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth about $78,000. Finally, Spartan Planning & Wealth Management acquired a new stake in shares of CBRE Group during the fourth quarter worth about $78,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE stock traded up $10.82 during trading hours on Thursday, hitting $109.12. 1,455,933 shares of the company’s stock were exchanged, compared to its average volume of 1,642,389. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The firm has a market cap of $33.48 billion, a P/E ratio of 33.52 and a beta of 1.40. The firm has a 50 day moving average of $89.89 and a two-hundred day moving average of $89.75. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $109.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.94 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts forecast that CBRE Group, Inc. will post 4.48 EPS for the current year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. UBS Group decreased their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group began coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.83.

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.