Howard Capital Management Inc. Raises Stake in CBRE Group, Inc. (NYSE:CBRE)

Howard Capital Management Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,398 shares of the financial services provider’s stock after acquiring an additional 108 shares during the period. Howard Capital Management Inc.’s holdings in CBRE Group were worth $315,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CBRE. Canton Hathaway LLC bought a new stake in CBRE Group during the 3rd quarter valued at about $27,000. Denver PWM LLC bought a new stake in CBRE Group during the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group during the 3rd quarter valued at about $32,000. Catalyst Capital Advisors LLC increased its stake 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 valued at $48,000 after purchasing an additional 238 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in CBRE Group by 165.9% during 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 in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

CBRE stock opened at $137.81 on Tuesday. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company’s fifty day moving average price is $136.50 and its 200-day moving average price is $129.17. 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 company has a market capitalization of $41.35 billion, a PE ratio of 43.89 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its quarterly 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 net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Finally, Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. 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 stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.