TCW Group Inc. Has $10.24 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

TCW Group Inc. lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,962 shares of the financial services provider’s stock after selling 7,226 shares during the quarter. TCW Group Inc.’s holdings in CBRE Group were worth $10,236,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in 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 during the period. Manning & Napier Advisors LLC acquired a new stake in CBRE Group during the 4th quarter valued at $175,978,000. Robeco Institutional Asset Management B.V. boosted its position in CBRE Group by 60.2% during the third 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 purchasing an additional 993,963 shares during the period. State Street Corp increased its holdings in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of CBRE Group by 88.6% in the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after purchasing an additional 336,359 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBRE. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. 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 company’s stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $135.72 on Monday. The company has a market cap of $40.72 billion, a price-to-earnings ratio of 43.22 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 debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a fifty day moving average price of $136.50 and a 200-day moving average price of $128.96.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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 net margin of 2.71% and a return on equity of 16.96%. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS 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.