1,542 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by West Family Investments Inc.

West Family Investments Inc. acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,542 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Callan Family Office LLC bought a new position in CBRE Group in the 4th quarter worth about $388,000. Candriam S.C.A. boosted its position in shares of CBRE Group by 273.6% during the fourth quarter. Candriam S.C.A. now owns 186,936 shares of the financial services provider’s stock worth $24,543,000 after buying an additional 136,897 shares during the period. Inceptionr LLC grew its holdings in CBRE Group by 26.0% in the 4th quarter. Inceptionr LLC now owns 3,977 shares of the financial services provider’s stock worth $522,000 after buying an additional 820 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CBRE Group in the 4th quarter valued at approximately $36,643,000. Finally, Arizona State Retirement System raised its stake in CBRE Group by 1.3% during the 4th quarter. Arizona State Retirement System now owns 89,004 shares of the financial services provider’s stock valued at $11,685,000 after acquiring an additional 1,099 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Down 2.4 %

Shares of NYSE:CBRE opened at $130.51 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a market capitalization of $39.16 billion, a price-to-earnings ratio of 41.56 and a beta of 1.42. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a 50 day moving average price of $137.91 and a 200 day moving average price of $130.67.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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%. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Citigroup boosted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Morgan Stanley boosted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.