Kendall Capital Management Decreases Holdings in CBRE Group, Inc. (NYSE:CBRE)

Kendall Capital Management cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,570 shares of the financial services provider’s stock after selling 380 shares during the quarter. Kendall Capital Management’s holdings in CBRE Group were worth $1,519,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. United Community Bank raised its stake in shares of CBRE Group by 49.9% during the fourth quarter. United Community Bank now owns 3,469 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 1,155 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of CBRE Group by 9.5% during the fourth quarter. Personal CFO Solutions LLC now owns 19,095 shares of the financial services provider’s stock worth $2,507,000 after acquiring an additional 1,657 shares in the last quarter. Amundi raised its stake in shares of CBRE Group by 10.7% during the fourth quarter. Amundi now owns 1,375,982 shares of the financial services provider’s stock worth $178,575,000 after acquiring an additional 132,581 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of CBRE Group by 8.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,707 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 211 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI decreased their target price 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. Finally, 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 target price on the stock. Three 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Down 2.4 %

Shares of CBRE Group stock opened at $130.51 on Friday. 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’s fifty day simple moving average is $137.91 and its two-hundred day simple moving average is $130.81. The company has a market cap of $39.16 billion, a P/E ratio of 41.56 and a beta of 1.42. 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 quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.