Denver PWM LLC Purchases New Position in CBRE Group, Inc. (NYSE:CBRE)

Denver PWM LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 222 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Funds Management LTD bought a new position in CBRE Group during the fourth quarter valued at approximately $7,398,000. First Horizon Advisors Inc. lifted its stake in shares of CBRE Group by 81.5% in the 4th quarter. First Horizon Advisors Inc. now owns 1,675 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 752 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of CBRE Group by 7.1% in the 4th quarter. Sigma Planning Corp now owns 1,970 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 131 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of CBRE Group by 100.9% in the 4th quarter. Allianz Asset Management GmbH now owns 429,542 shares of the financial services provider’s stock valued at $56,395,000 after purchasing an additional 215,715 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of CBRE Group by 71.4% in the 4th quarter. Handelsbanken Fonder AB now owns 26,961 shares of the financial services provider’s stock valued at $3,540,000 after purchasing an additional 11,235 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CBRE. Morgan Stanley raised their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Trading Down 4.2 %

CBRE opened at $135.72 on Friday. The stock’s fifty day moving average is $136.50 and its two-hundred day moving average is $128.80. The company has a market capitalization of $40.72 billion, a P/E ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group 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.