Impax Asset Management Group plc Has $5.08 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Impax Asset Management Group plc trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,653 shares of the financial services provider’s stock after selling 480 shares during the quarter. Impax Asset Management Group plc’s holdings in CBRE Group were worth $5,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $27,000. Denver PWM LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC boosted its holdings in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $137.81 on Tuesday. The firm has a fifty day moving average of $136.50 and a two-hundred day moving average of $129.17. The stock has a market capitalization of $41.35 billion, a price-to-earnings ratio of 43.89 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

CBRE has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.