Savant Capital LLC Has $903,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Savant Capital LLC boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,875 shares of the financial services provider’s stock after purchasing an additional 1,098 shares during the period. Savant Capital LLC’s holdings in CBRE Group were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CBRE. Kestra Private Wealth Services LLC boosted its holdings in shares of CBRE Group by 119.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,428 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 2,959 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in shares of CBRE Group by 104.4% during the fourth quarter. AlphaStar Capital Management LLC now owns 18,648 shares of the financial services provider’s stock valued at $2,448,000 after purchasing an additional 9,526 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of CBRE Group by 20.5% during the fourth quarter. WCM Investment Management LLC now owns 2,150 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 366 shares during the last quarter. Empowered Funds LLC raised its holdings in CBRE Group by 236.3% in the 4th quarter. Empowered Funds LLC now owns 16,056 shares of the financial services provider’s stock valued at $2,108,000 after buying an additional 11,282 shares during the last quarter. Finally, Realta Investment Advisors acquired a new stake in CBRE Group during the 4th quarter worth approximately $569,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Up 0.5 %

NYSE:CBRE opened at $143.89 on Friday. The firm has a fifty day simple moving average of $135.96 and a two-hundred day simple moving average of $127.36. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a market capitalization of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBRE. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Evercore ISI reduced their price target on 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. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.33.

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.