Forvis Mazars Wealth Advisors LLC Acquires New Position in CBRE Group, Inc. (NYSE:CBRE)

Forvis Mazars Wealth Advisors LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,976 shares of the financial services provider’s stock, valued at approximately $1,835,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the third quarter worth about $27,000. Denver PWM LLC purchased a new position in CBRE Group in the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter worth approximately $32,000. Catalyst Capital Advisors LLC grew its holdings in CBRE Group by 190.4% during 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 in the last quarter. Finally, CENTRAL TRUST Co increased its position 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 valued at $64,000 after purchasing an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CBRE shares. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. 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. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Three investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Down 4.2 %

Shares of NYSE CBRE opened at $135.72 on Monday. The business has a 50-day moving average price of $136.50 and a 200 day moving average price of $128.96. The stock has a market cap of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

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

About CBRE Group

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.