Capital World Investors Purchases 103,300 Shares of CBRE Group, Inc. (NYSE:CBRE)

Capital World Investors increased its position in CBRE Group, Inc. (NYSE:CBRE) by 194.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,366 shares of the financial services provider’s stock after buying an additional 103,300 shares during the quarter. Capital World Investors owned 0.05% of CBRE Group worth $15,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of CBRE Group during the first quarter worth about $30,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $45,000. Planned Solutions Inc. purchased a new stake in CBRE Group in the fourth quarter worth $52,000. EdgeRock Capital LLC bought a new stake in CBRE Group in the fourth quarter valued at $59,000. Finally, Spartan Planning & Wealth Management purchased a new position in CBRE Group during the 4th quarter valued at $78,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 2.9 %

Shares of NYSE CBRE opened at $110.55 on Friday. The company has a market cap of $33.92 billion, a PE ratio of 34.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.12. The firm’s 50 day moving average price is $90.59 and its 200-day moving average price is $90.05. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $112.21.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. On average, equities research analysts expect that CBRE Group, Inc. will post 4.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. UBS Group reduced their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Raymond James raised their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $100.00 to $123.00 in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.86.

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.