Arcadia Investment Management Corp MI Has $5.37 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Arcadia Investment Management Corp MI reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,905 shares of the financial services provider’s stock after selling 309 shares during the period. Arcadia Investment Management Corp MI’s holdings in CBRE Group were worth $5,370,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Algert Global LLC acquired a new position in CBRE Group in the third quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group in the fourth quarter worth $1,518,000. Merit Financial Group LLC acquired a new stake in CBRE Group in the fourth quarter worth $256,000. Fulton Bank N.A. raised its holdings in CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after purchasing an additional 19,227 shares during the period. Finally, Prestige Wealth Management Group LLC raised its holdings in CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Finally, Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Trading Down 1.3 %

Shares of NYSE:CBRE opened at $141.81 on Friday. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $136.49 and its 200 day simple moving average is $128.37. The firm has a market cap of $42.55 billion, a price-to-earnings ratio of 45.16 and a beta of 1.39.

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

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.