Fiduciary Trust Co. acquired a new stake in shares of CBRE Group Inc (NYSE:CBRE) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 24,717 shares of the financial services provider’s stock, valued at approximately $1,223,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CBRE. Lindbrook Capital LLC purchased a new stake in CBRE Group during the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund grew its stake in CBRE Group by 1,895.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,308,488 shares in the last quarter. CX Institutional purchased a new stake in CBRE Group during the 1st quarter valued at about $35,000. Van ECK Associates Corp purchased a new stake in CBRE Group during the 4th quarter valued at about $38,000. Finally, Barnett & Company Inc. purchased a new stake in CBRE Group during the 1st quarter valued at about $49,000. 94.48% of the stock is owned by institutional investors.
CBRE has been the subject of several research reports. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, February 19th. JMP Securities reaffirmed a “hold” rating on shares of CBRE Group in a research note on Monday, March 11th. Bank of America set a $54.00 target price on shares of CBRE Group and gave the company a “hold” rating in a report on Friday, March 8th. Finally, William Blair reiterated an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.33.
NYSE:CBRE opened at $46.78 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.19 and a beta of 1.71. CBRE Group Inc has a 1-year low of $37.45 and a 1-year high of $52.41.
CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.59 by $0.20. CBRE Group had a net margin of 4.94% and a return on equity of 24.72%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same period in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts expect that CBRE Group Inc will post 3.61 EPS for the current fiscal year.
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About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.
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