Vestmark Advisory Solutions Inc. Has $812,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Vestmark Advisory Solutions Inc. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,183 shares of the financial services provider’s stock after selling 332 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in CBRE Group were worth $812,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. acquired a new stake in CBRE Group during the fourth quarter worth approximately $25,000. Canton Hathaway LLC acquired a new stake in CBRE Group during the third quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group in the 4th quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at $32,000. Finally, Catalyst Capital Advisors LLC boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CBRE. Morgan Stanley raised their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Finally, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Three 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Down 2.4 %

Shares of CBRE opened at $130.51 on Friday. The stock has a market capitalization of $39.16 billion, a price-to-earnings ratio of 41.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a fifty day moving average of $137.91 and a 200-day moving average of $130.81.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share 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.