Paloma Partners Management Co Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Paloma Partners Management Co purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 8,600 shares of the financial services provider’s stock, valued at approximately $836,000.

A number of other hedge funds have also recently made changes to their positions in the company. Humankind Investments LLC lifted its holdings in shares of CBRE Group by 5.3% during the 4th quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 146 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of CBRE Group by 0.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock worth $3,955,000 after acquiring an additional 149 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of CBRE Group by 5.3% during the 1st quarter. HB Wealth Management LLC now owns 3,775 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 191 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of CBRE Group by 4.4% during the 1st quarter. Bleakley Financial Group LLC now owns 4,506 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 191 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in CBRE Group by 0.7% in the first quarter. Park Avenue Securities LLC now owns 29,404 shares of the financial services provider’s stock worth $2,859,000 after purchasing an additional 194 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CBRE shares. Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday. They issued an “equal weight” rating and a $105.00 price target for the company. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $100.00 to $123.00 in a research note on Friday. Raymond James boosted their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.86.

CBRE Group Stock Down 0.0 %

CBRE traded down $0.01 during midday trading on Monday, reaching $110.54. The company’s stock had a trading volume of 2,462,467 shares, compared to its average volume of 1,682,264. The firm has a market capitalization of $33.87 billion, a price-to-earnings ratio of 34.44 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $112.24. The stock’s 50-day moving average is $90.99 and its 200-day moving average is $90.25.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, research analysts expect that CBRE Group, Inc. will post 4.83 EPS 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.