CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Increased by Versor Investments LP

Versor Investments LP grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 92.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,100 shares of the financial services provider’s stock after purchasing an additional 3,900 shares during the quarter. Versor Investments LP’s holdings in CBRE Group were worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CBRE. Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CBRE Group by 2.0% during 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 during the last quarter. Integrated Advisors Network LLC bought a new position in shares of CBRE Group during the third quarter valued at approximately $258,000. Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 82 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of CBRE Group by 8.6% during the third quarter. First Trust Direct Indexing L.P. now owns 10,729 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 847 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $139.65 on Friday. The stock has a market cap of $41.90 billion, a PE ratio of 44.48 and a beta of 1.39. The business has a fifty day simple moving average of $137.07 and a 200-day simple moving average of $129.53. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

CBRE has been the subject of several recent research reports. 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 report on Monday, January 13th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group 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.