Vivid Wealth Management LLC Purchases New Stake in CBRE Group, Inc. (NYSE:CBRE)

Vivid Wealth Management LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,219 shares of the financial services provider’s stock, valued at approximately $2,261,000.

Several other large investors have also recently bought and sold shares of CBRE. Canton Hathaway LLC bought a new stake in shares of CBRE Group during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group during the 3rd quarter valued at approximately $32,000. Wolff Wiese Magana LLC grew its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 283 shares during the last quarter. Asset Dedication LLC acquired a new stake in CBRE Group in the 3rd quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co grew its holdings in CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Up 0.5 %

Shares of CBRE opened at $143.89 on Friday. The stock has a fifty day moving average price of $135.96 and a two-hundred day moving average price of $127.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. Analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CBRE. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $149.33.

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.