Wealthspire Advisors LLC Grows Holdings in CBRE Group, Inc. (NYSE:CBRE)

Wealthspire Advisors LLC increased its position in CBRE Group, Inc. (NYSE:CBRE) by 29.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,124 shares of the financial services provider’s stock after acquiring an additional 483 shares during the quarter. Wealthspire Advisors LLC’s holdings in CBRE Group were worth $279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Algert Global LLC purchased a new stake in CBRE Group in the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in CBRE Group in the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC purchased a new stake in CBRE Group in the 4th quarter worth approximately $256,000. Fulton Bank N.A. grew its holdings in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after buying an additional 3,807 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Down 0.7 %

NYSE:CBRE opened at $139.65 on Friday. The stock’s 50 day moving average price is $137.07 and its 200 day moving average price is $129.53. The company has a market capitalization of $41.90 billion, a PE ratio of 44.48 and a beta of 1.39. 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, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CBRE. Citigroup increased their price objective on shares of 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 shares of 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. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Three research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

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.