Schechter Investment Advisors LLC Acquires 242 Shares of CBRE Group, Inc. (NYSE:CBRE)

Schechter Investment Advisors LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,913 shares of the financial services provider’s stock after purchasing an additional 242 shares during the period. Schechter Investment Advisors LLC’s holdings in CBRE Group were worth $382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $25,000. Canton Hathaway LLC bought a new position in CBRE Group during the 3rd quarter worth approximately $27,000. Denver PWM LLC bought a new position in CBRE Group during the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $32,000. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 238 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $142.36 on Thursday. The stock’s 50 day moving average is $137.89 and its 200-day moving average is $130.53. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $42.71 billion, a price-to-earnings ratio of 45.34 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released 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 net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.