Quadrature Capital Ltd Acquires New Holdings in CBRE Group, Inc. (NYSE:CBRE)

Quadrature Capital Ltd acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 41,384 shares of the financial services provider’s stock, valued at approximately $4,024,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital World Investors lifted its stake in CBRE Group by 194.7% in the 1st quarter. Capital World Investors now owns 156,366 shares of the financial services provider’s stock valued at $15,205,000 after purchasing an additional 103,300 shares during the last quarter. Delta Global Management LP lifted its stake in CBRE Group by 266.2% in the 1st quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock valued at $52,877,000 after purchasing an additional 395,297 shares during the last quarter. Crewe Advisors LLC bought a new position in CBRE Group in the 1st quarter valued at approximately $30,000. Castle Hook Partners LP acquired a new position in CBRE Group in the 1st quarter valued at approximately $2,116,000. Finally, Natixis increased its position in CBRE Group by 69.0% in the 1st quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after acquiring an additional 22,464 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley assumed coverage on shares of CBRE Group in a research report on Thursday. They issued an “equal weight” rating and a $105.00 price target for the company. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $100.00 to $123.00 in a research report on Friday. Finally, Raymond James upped their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.86.

CBRE Group Stock Up 2.9 %

NYSE CBRE traded up $3.12 on Friday, hitting $110.55. 3,578,154 shares of the company were exchanged, compared to its average volume of 1,475,929. The company has a market cap of $33.92 billion, a PE ratio of 34.44 and a beta of 1.40. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $112.21. The stock has a fifty day moving average of $90.59 and a 200-day moving average of $90.05. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. CBRE Group’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, analysts forecast that CBRE Group, Inc. will post 4.84 earnings per share for the current year.

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.