CBRE Group, Inc. (NYSE:CBRE) Position Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,371 shares of the financial services provider’s stock after buying an additional 3,022 shares during the quarter. QRG Capital Management Inc. owned about 0.08% of CBRE Group worth $30,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in CBRE Group in the 3rd quarter worth approximately $27,000. Denver PWM LLC bought a new position in CBRE Group during the 4th quarter valued at $29,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC boosted 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 boosted 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 institutional investors.

CBRE Group Price Performance

CBRE opened at $140.63 on Thursday. The stock has a fifty day moving average of $136.79 and a 200-day moving average of $129.45. The firm has a market capitalization of $42.19 billion, a P/E ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-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.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CBRE shares. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.