CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Simmons Bank

Simmons Bank lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,548 shares of the financial services provider’s stock after selling 198 shares during the quarter. Simmons Bank’s holdings in CBRE Group were worth $3,354,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in CBRE Group by 23.0% during the 3rd 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 during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in CBRE Group by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock worth $2,123,000 after purchasing an additional 334 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in CBRE Group during the 3rd quarter worth $258,000. Finally, Fidelis Capital Partners LLC boosted its stake in CBRE Group by 2.1% during the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 1.4 %

Shares of CBRE opened at $140.63 on Thursday. The firm has a market cap of $42.19 billion, a P/E ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company’s 50-day moving average price is $136.79 and its 200 day moving average price is $129.45. 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 issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley boosted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Company Profile

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.