Allianz Asset Management GmbH Has $56.40 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Allianz Asset Management GmbH boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 100.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 429,542 shares of the financial services provider’s stock after acquiring an additional 215,715 shares during the period. Allianz Asset Management GmbH owned 0.14% of CBRE Group worth $56,395,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CBRE. Gilbert & Cook Inc. grew its holdings in shares of CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after buying an additional 75 shares during the period. Lindbrook Capital LLC grew its holdings in shares of CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after buying an additional 79 shares during the period. Stephens Inc. AR grew its holdings in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after buying an additional 82 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 4.2 %

Shares of NYSE:CBRE opened at $135.72 on Friday. The company’s 50-day moving average price is $136.50 and its two-hundred day moving average price is $128.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly 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 net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CBRE. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.