Dorsey & Whitney Trust CO LLC Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Dorsey & Whitney Trust CO LLC boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,707 shares of the financial services provider’s stock after acquiring an additional 211 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in CBRE Group were worth $355,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group in the fourth quarter valued at $25,000. Canton Hathaway LLC purchased a new position in shares of CBRE Group in the third quarter valued at $27,000. Denver PWM LLC purchased a new position in shares of CBRE Group in the fourth quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group in the third quarter valued at $32,000. Finally, Larson Financial Group LLC increased its position in shares of CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 3.6 %

Shares of NYSE:CBRE opened at $125.77 on Tuesday. The stock’s 50-day moving average price is $137.82 and its two-hundred day moving average price is $131.03. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 40.05 and a beta of 1.42.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CBRE Group 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.