Handelsbanken Fonder AB Buys 11,235 Shares of CBRE Group, Inc. (NYSE:CBRE)

Handelsbanken Fonder AB increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 71.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,961 shares of the financial services provider’s stock after acquiring an additional 11,235 shares during the period. Handelsbanken Fonder AB’s holdings in CBRE Group were worth $3,540,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CBRE. Private Advisor Group LLC increased its holdings in CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after buying an additional 90 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of CBRE Group in the 3rd quarter valued at about $62,760,000. Ballentine Partners LLC increased its stake in shares of CBRE Group by 17.0% during the 3rd quarter. Ballentine Partners LLC now owns 7,904 shares of the financial services provider’s stock worth $984,000 after purchasing an additional 1,148 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in CBRE Group by 23.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,335 shares of the financial services provider’s stock valued at $3,121,000 after purchasing an additional 4,743 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in CBRE Group by 20.7% during the third quarter. Forsta AP Fonden now owns 61,200 shares of the financial services provider’s stock worth $7,618,000 after purchasing an additional 10,500 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Down 4.2 %

Shares of CBRE stock opened at $135.72 on Monday. The stock has a market cap of $40.72 billion, a P/E ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year 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 stock has a 50 day simple moving average of $136.50 and a 200 day simple moving average of $128.96.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates 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 predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBRE shares. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI decreased their price target 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, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.