Shayne & Jacobs LLC Has $4.63 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Shayne & Jacobs LLC lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,246 shares of the financial services provider’s stock after selling 1,852 shares during the quarter. CBRE Group comprises about 1.2% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 11th largest holding. Shayne & Jacobs LLC’s holdings in CBRE Group were worth $4,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Private Advisor Group LLC lifted its stake in CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CBRE Group by 23.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,335 shares of the financial services provider’s stock worth $3,121,000 after purchasing an additional 4,743 shares in the last quarter. Forsta AP Fonden boosted its holdings in CBRE Group by 20.7% during the third quarter. Forsta AP Fonden now owns 61,200 shares of the financial services provider’s stock worth $7,618,000 after purchasing an additional 10,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in CBRE Group by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock valued at $2,123,000 after purchasing an additional 334 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its stake in shares of CBRE Group by 3.2% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 13,586 shares of the financial services provider’s stock worth $1,689,000 after purchasing an additional 417 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Up 0.6 %

NYSE:CBRE opened at $138.67 on Wednesday. The firm has a 50-day simple moving average of $136.55 and a two-hundred day simple moving average of $129.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a market cap of $41.61 billion, a P/E ratio of 44.16 and a beta of 1.39.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on CBRE shares. Jefferies Financial Group raised shares of 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 report on Thursday, January 2nd. Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.89.

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.