Kestra Private Wealth Services LLC Acquires 2,959 Shares of CBRE Group, Inc. (NYSE:CBRE)

Kestra Private Wealth Services LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 119.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,428 shares of the financial services provider’s stock after acquiring an additional 2,959 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in CBRE Group were worth $713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its position in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at $175,978,000. Robeco Institutional Asset Management B.V. grew its position in CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after acquiring an additional 993,963 shares during the last quarter. State Street Corp increased its holdings in CBRE Group by 5.4% in the 3rd 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. Finally, Jennison Associates LLC raised its position in CBRE Group by 88.6% in the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after purchasing an additional 336,359 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

Shares of CBRE opened at $143.89 on Friday. The firm has a market cap of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50 day moving average price is $135.96 and its two-hundred day moving average price is $127.36.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent research reports. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.33.

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.