Los Angeles Capital Management LLC Has $139.16 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Los Angeles Capital Management LLC raised its position in CBRE Group, Inc. (NYSE:CBREFree Report) by 1,499.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,059,960 shares of the financial services provider’s stock after buying an additional 993,687 shares during the quarter. Los Angeles Capital Management LLC’s holdings in CBRE Group were worth $139,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRE. FMR LLC boosted its stake in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group during the 4th quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after acquiring an additional 993,963 shares in the last quarter. State Street Corp boosted its stake in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after acquiring an additional 692,697 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of CBRE Group by 88.6% during the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock worth $94,015,000 after acquiring an additional 336,359 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 1.5 %

Shares of CBRE opened at $137.81 on Tuesday. The firm has a market capitalization of $41.35 billion, a price-to-earnings ratio of 43.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The business’s fifty day moving average price is $136.50 and its two-hundred day moving average price is $129.17. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBREGet Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating 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, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the subject of several recent analyst reports. Evercore ISI decreased their price target 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. Keefe, Bruyette & Woods increased their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Get Our Latest Stock Analysis on CBRE Group

CBRE Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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