Toronto Dominion Bank Lowers Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Toronto Dominion Bank lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,107 shares of the financial services provider’s stock after selling 29,625 shares during the quarter. Toronto Dominion Bank owned about 0.06% of CBRE Group worth $17,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of CBRE Group during the first quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of CBRE Group during the fourth quarter valued at $45,000. Planned Solutions Inc. bought a new position in shares of CBRE Group during the fourth quarter valued at $52,000. EdgeRock Capital LLC bought a new position in shares of CBRE Group during the fourth quarter valued at $59,000. Finally, CVA Family Office LLC bought a new position in shares of CBRE Group during the fourth quarter valued at $78,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE stock traded up $3.12 during trading hours on Friday, reaching $110.55. 3,578,154 shares of the company traded hands, compared to its average volume of 1,475,929. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $112.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.15. The company has a market cap of $33.92 billion, a P/E ratio of 34.44 and a beta of 1.40. The firm has a 50-day moving average price of $90.59 and a 200 day moving average price of $90.03.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBRE. Raymond James raised their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday. UBS Group reduced their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $100.00 to $123.00 in a research note on Friday. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.86.

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.