Blue Trust Inc. Reduces Holdings in CBRE Group, Inc. (NYSE:CBRE)

Blue Trust Inc. reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 27.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,771 shares of the financial services provider’s stock after selling 2,614 shares during the period. Blue Trust Inc.’s holdings in CBRE Group were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. grew its holdings in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after buying an additional 75 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after buying an additional 79 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after buying an additional 82 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after buying an additional 90 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.5 %

Shares of CBRE stock opened at $143.89 on Monday. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm’s 50 day moving average price is $136.08 and its two-hundred day moving average price is $127.70.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. On average, analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CBRE shares. Evercore ISI lowered their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday. The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.33.

CBRE Group Company 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.