Paloma Partners Management Co Invests $836,000 in CBRE Group, Inc. (NYSE:CBRE)

Paloma Partners Management Co acquired a new position in CBRE Group, Inc. (NYSE:CBRE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,600 shares of the financial services provider’s stock, valued at approximately $836,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBRE. Earnest Partners LLC grew its position in CBRE Group by 7.2% during the 1st quarter. Earnest Partners LLC now owns 3,582,398 shares of the financial services provider’s stock worth $348,352,000 after purchasing an additional 239,839 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in CBRE Group by 518.0% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 208,929 shares of the financial services provider’s stock worth $20,316,000 after purchasing an additional 175,121 shares during the last quarter. Lazard Asset Management LLC grew its position in CBRE Group by 5,784.5% during the 1st quarter. Lazard Asset Management LLC now owns 6,473 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 6,363 shares during the last quarter. LRI Investments LLC purchased a new stake in CBRE Group during the 1st quarter worth approximately $306,000. Finally, Quadrature Capital Ltd purchased a new stake in CBRE Group during the 1st quarter worth approximately $4,024,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Raymond James lifted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $100.00 to $123.00 in a research note on Friday. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.86.

CBRE Group Trading Down 0.0 %

Shares of CBRE traded down $0.01 during mid-day trading on Monday, reaching $110.54. The stock had a trading volume of 2,462,467 shares, compared to its average volume of 1,682,264. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $112.24. The business’s fifty day moving average is $90.99 and its 200 day moving average is $90.25. The firm has a market cap of $33.87 billion, a price-to-earnings ratio of 34.44 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. CBRE Group’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.83 EPS for the current fiscal year.

CBRE Group Company 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.