Price T Rowe Associates Inc. MD Raises Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Price T Rowe Associates Inc. MD lifted its holdings in CBRE Group, Inc. (NYSE:CBREFree Report) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,373,625 shares of the financial services provider’s stock after purchasing an additional 73,805 shares during the period. Price T Rowe Associates Inc. MD’s holdings in CBRE Group were worth $127,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Harris Associates L P grew its stake in CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after purchasing an additional 683,225 shares in the last quarter. FMR LLC grew its stake in CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after purchasing an additional 288,287 shares in the last quarter. Invesco Ltd. grew its stake in CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock worth $523,208,000 after purchasing an additional 28,316 shares in the last quarter. Principal Financial Group Inc. grew its stake in CBRE Group by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 6,867,581 shares of the financial services provider’s stock worth $639,303,000 after purchasing an additional 46,763 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in CBRE Group by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider’s stock worth $546,330,000 after purchasing an additional 44,648 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $2.14 during trading on Friday, reaching $86.90. 2,162,994 shares of the company traded hands, compared to its average volume of 1,665,351. The firm’s fifty day simple moving average is $88.20 and its 200 day simple moving average is $88.87. The stock has a market cap of $26.66 billion, a P/E ratio of 27.39 and a beta of 1.41. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $98.65. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBREGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CBRE shares. Evercore ISI increased their price objective on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group assumed coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Finally, StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $99.50.

Check Out Our Latest Stock Report on CBRE

About CBRE Group

(Free Report)

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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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