ING Groep NV Has $7.96 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

ING Groep NV decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,618 shares of the financial services provider’s stock after selling 666 shares during the quarter. ING Groep NV’s holdings in CBRE Group were worth $7,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CBRE. Handelsbanken Fonder AB grew its position in CBRE Group by 71.4% in the 4th quarter. Handelsbanken Fonder AB now owns 26,961 shares of the financial services provider’s stock valued at $3,540,000 after purchasing an additional 11,235 shares during the period. Abacus Planning Group Inc. acquired a new stake in CBRE Group in the 4th quarter valued at $208,000. Ieq Capital LLC grew its position in CBRE Group by 104.9% in the 4th quarter. Ieq Capital LLC now owns 61,402 shares of the financial services provider’s stock valued at $8,061,000 after purchasing an additional 31,440 shares during the period. Global Retirement Partners LLC grew its position in CBRE Group by 24.5% in the 4th quarter. Global Retirement Partners LLC now owns 982 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 193 shares during the period. Finally, New York State Common Retirement Fund grew its position in CBRE Group by 8.0% in the 4th quarter. New York State Common Retirement Fund now owns 535,190 shares of the financial services provider’s stock valued at $70,265,000 after purchasing an additional 39,604 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. 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 price target for the company. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Morgan Stanley raised their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. Three 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $135.72 on Friday. The stock has a market cap of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. 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 stock’s fifty day simple moving average is $136.53 and its two-hundred day simple moving average is $128.46.

CBRE Group (NYSE:CBRE) last released its earnings results 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 return on equity of 16.96% and a net margin of 2.71%. As a group, 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.