Amundi Grows Stake in CBRE Group, Inc. (NYSE:CBRE)

Amundi grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,375,982 shares of the financial services provider’s stock after buying an additional 132,581 shares during the period. Amundi owned 0.45% of CBRE Group worth $178,575,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group during the 4th quarter valued at $25,000. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the 3rd quarter worth approximately $27,000. Denver PWM LLC bought a new position in CBRE Group during the 4th quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the third quarter valued at $32,000. Finally, Larson Financial Group LLC raised its stake in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Down 2.4 %

NYSE:CBRE opened at $130.51 on Monday. The company has a market cap of $39.16 billion, a PE ratio of 41.56 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $137.91 and a two-hundred day simple moving average of $130.94. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS 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%. Research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of several analyst reports. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Morgan Stanley boosted their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.