Hosking Partners LLP Sells 11,344 Shares of CBRE Group, Inc. (NYSE:CBRE)

Hosking Partners LLP lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 569,327 shares of the financial services provider’s stock after selling 11,344 shares during the quarter. CBRE Group accounts for 2.9% of Hosking Partners LLP’s investment portfolio, making the stock its 7th largest position. Hosking Partners LLP owned approximately 0.19% of CBRE Group worth $74,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CBRE. State Street Corp boosted its position in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CBRE Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after buying an additional 56,888 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after buying an additional 177,119 shares in the last quarter. FMR LLC grew its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in CBRE Group by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock valued at $391,752,000 after acquiring an additional 338,298 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of several recent research reports. Citigroup upped 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. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods raised their price target 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. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Performance

CBRE Group stock opened at $139.65 on Friday. The stock has a fifty day moving average price of $137.07 and a 200 day moving average price of $129.53. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm has a market capitalization of $41.90 billion, a P/E ratio of 44.48 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS 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%. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.