1,584 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by Abacus Planning Group Inc.

Abacus Planning Group Inc. acquired a new position in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,584 shares of the financial services provider’s stock, valued at approximately $208,000.

Other large investors have also modified their holdings of the company. Canton Hathaway LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC increased its holdings in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the period. CENTRAL TRUST Co increased its holdings in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of CBRE Group by 3,969.2% in the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 516 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 research note on Monday, December 16th. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised shares of 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 research note on Thursday, January 2nd. Three research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $143.62 on Thursday. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $136.37 and a 200-day moving average of $128.26. The firm has a market cap of $43.95 billion, a price-to-earnings ratio of 45.74 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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 net margin of 2.71% and a return on equity of 16.96%. Analysts forecast that CBRE Group, Inc. will post 6 earnings per share for the current fiscal 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.