Mutual of America Capital Management LLC Sells 1,060 Shares of CBRE Group, Inc. (NYSE:CBRE)

Mutual of America Capital Management LLC trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 44,371 shares of the financial services provider’s stock after selling 1,060 shares during the period. Mutual of America Capital Management LLC’s holdings in CBRE Group were worth $5,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRE. Canton Hathaway LLC bought a new stake in CBRE Group in the 3rd quarter valued at $27,000. Denver PWM LLC bought a new stake in CBRE Group in the 4th quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group in the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC increased its holdings in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in 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 acquiring an additional 302 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CBRE has been the topic of a number of research reports. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Morgan Stanley lifted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Finally, Evercore ISI dropped 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Price Performance

CBRE Group stock opened at $140.56 on Tuesday. The stock has a market cap of $42.17 billion, a price-to-earnings ratio of 44.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a 50-day moving average of $137.52 and a two-hundred day moving average of $130.25.

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, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.