CBRE Group, Inc. (NYSE:CBRE) Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System raised its position in CBRE Group, Inc. (NYSE:CBRE) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,838 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. State of Michigan Retirement System’s holdings in CBRE Group were worth $11,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in CBRE Group during the fourth quarter worth about $25,000. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in CBRE Group in the 4th quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the 3rd quarter valued at approximately $32,000. Finally, Catalyst Capital Advisors LLC increased its position in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CBRE. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment 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.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Trading Up 2.0 %

NYSE:CBRE opened at $142.36 on Thursday. The stock has a fifty day simple moving average of $137.89 and a 200 day simple moving average of $130.53. 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 firm has a market capitalization of $42.71 billion, a price-to-earnings ratio of 45.34 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.

CBRE Group (NYSE:CBRE) last issued its 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 return on equity of 16.96% and a net margin of 2.71%. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share 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.