Edge Capital Group LLC Has $261,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Edge Capital Group LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,986 shares of the financial services provider’s stock after acquiring an additional 129 shares during the quarter. Edge Capital Group LLC’s holdings in CBRE Group were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CBRE. Private Advisor Group LLC raised its stake in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in CBRE Group by 23.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,335 shares of the financial services provider’s stock worth $3,121,000 after buying an additional 4,743 shares during the last quarter. Forsta AP Fonden raised its position in CBRE Group by 20.7% during the third quarter. Forsta AP Fonden now owns 61,200 shares of the financial services provider’s stock valued at $7,618,000 after acquiring an additional 10,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in CBRE Group by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock valued at $2,123,000 after acquiring an additional 334 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in CBRE Group by 9.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 416,478 shares of the financial services provider’s stock valued at $51,120,000 after acquiring an additional 35,972 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Citigroup increased 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 CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Finally, Evercore ISI reduced their price objective 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 equities research 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 stock. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $137.81 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market cap of $41.35 billion, a PE ratio of 43.89 and a beta of 1.39. The firm has a fifty day moving average price of $136.50 and a two-hundred day moving average price of $129.17. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that CBRE Group, Inc. will post 5.99 EPS 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.