V Square Quantitative Management LLC Trims Stock Position in CBRE Group, Inc. (NYSE:CBRE)

V Square Quantitative Management LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,685 shares of the financial services provider’s stock after selling 206 shares during the quarter. V Square Quantitative Management LLC’s holdings in CBRE Group were worth $1,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its stake in CBRE Group by 680.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 544 shares during the period. Creative Planning boosted its stake in CBRE Group by 5.9% during the third quarter. Creative Planning now owns 37,804 shares of the financial services provider’s stock worth $4,706,000 after buying an additional 2,092 shares during the period. Asset Dedication LLC bought a new stake in shares of CBRE Group during the third quarter worth $40,000. Wolff Wiese Magana LLC raised its holdings in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of CBRE Group by 6.9% during the third quarter. Bleakley Financial Group LLC now owns 4,845 shares of the financial services provider’s stock valued at $603,000 after buying an additional 314 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CBRE shares. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.33.

CBRE Group Price Performance

CBRE stock opened at $143.89 on Friday. The business has a 50 day moving average price of $135.96 and a 200 day moving average price of $127.36. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. Equities research analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

CBRE Group Company 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.