Callan Family Office LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,955 shares of the financial services provider's stock, valued at approximately $388,000.
A number of other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group during the 4th quarter valued at $25,000. Canton Hathaway LLC purchased a new stake in CBRE Group in the third quarter valued at about $27,000. Denver PWM LLC purchased a new stake in CBRE Group in the fourth quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the 3rd quarter worth $32,000. Finally, Catalyst Capital Advisors LLC lifted its position in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after acquiring an additional 238 shares during the period. 98.41% of the stock is currently owned by institutional investors.
CBRE has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI cut their price objective on shares of 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 boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and upped their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.
Get Our Latest Analysis on CBRE
Shares of CBRE Group stock traded down $0.11 during trading hours on Tuesday, reaching $125.81. The stock had a trading volume of 2,811,547 shares, compared to its average volume of 1,661,131. The stock's 50 day moving average is $137.82 and its 200 day moving average is $131.03. 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 firm has a market capitalization of $37.75 billion, a PE ratio of 40.07 and a beta of 1.42.
CBRE Group (NYSE:CBRE - Get Free Report) last released 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 return on equity of 16.96% and a net margin of 2.71%. Equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.
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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