CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Advisor OS LLC

Advisor OS LLC trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 85.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,616 shares of the financial services provider’s stock after selling 15,810 shares during the quarter. Advisor OS LLC’s holdings in CBRE Group were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Canton Hathaway LLC acquired a new position in CBRE Group in the 3rd quarter valued at about $27,000. Denver PWM LLC acquired a new position in CBRE Group in the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the 3rd quarter valued at about $32,000. Catalyst Capital Advisors LLC grew its position in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $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.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Three 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Price Performance

CBRE stock opened at $139.65 on Friday. The business has a 50 day moving average price of $137.07 and a 200 day moving average price of $129.53. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 44.48 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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

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.