Ycg LLC Sells 183,674 Shares of CBRE Group, Inc. (NYSE:CBRE)

Ycg LLC trimmed its stake in CBRE Group, Inc. (NYSE:CBRE) by 47.2% in the 4th quarter, HoldingsChannel reports. The fund owned 205,391 shares of the financial services provider’s stock after selling 183,674 shares during the quarter. CBRE Group comprises 2.1% of Ycg LLC’s investment portfolio, making the stock its 22nd largest position. Ycg LLC’s holdings in CBRE Group were worth $26,966,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $190,695,000. Manning & Napier Advisors LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $175,978,000. Los Angeles Capital Management LLC grew its position in shares of CBRE Group by 1,499.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock valued at $139,162,000 after purchasing an additional 993,687 shares in the last quarter. Finally, State Street Corp grew its position in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CBRE shares. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Down 0.1 %

Shares of CBRE Group stock opened at $125.81 on Wednesday. The company has a fifty day moving average price of $137.72 and a 200 day moving average price of $131.09. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 40.07 and a beta of 1.42.

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, 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%. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.