Bailard Inc. Has $834,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Bailard Inc. reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 32.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,352 shares of the financial services provider’s stock after selling 3,012 shares during the period. Bailard Inc.’s holdings in CBRE Group were worth $834,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of CBRE Group by 5.4% during 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 buying an additional 692,697 shares during the period. Geode Capital Management LLC lifted its position in CBRE Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after acquiring an additional 56,888 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after acquiring an additional 177,119 shares during the period. FMR LLC grew its position in shares of 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 purchasing an additional 3,498,244 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its stake in shares of CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock worth $623,416,000 after purchasing an additional 25,142 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $140.56 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $42.17 billion, a PE ratio of 44.76 and a beta of 1.39. The company has a 50 day moving average of $137.52 and a 200-day moving average of $130.25. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average 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.