CBRE Group, Inc. (NYSE:CBRE) Position Lessened by Ossiam

Ossiam trimmed its position in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 68.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,721 shares of the financial services provider’s stock after selling 34,628 shares during the period. Ossiam’s holdings in CBRE Group were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CBRE. Harris Associates L P increased its position in CBRE Group by 4.0% during the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after buying an additional 586,661 shares during the last quarter. FMR LLC increased its position in CBRE Group by 3.1% during the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after buying an additional 288,287 shares during the last quarter. Invesco Ltd. grew its position in shares of CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock valued at $523,208,000 after purchasing an additional 28,316 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of 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 valued at $639,303,000 after purchasing an additional 46,763 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of 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 valued at $546,330,000 after purchasing an additional 44,648 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 2.3 %

Shares of CBRE opened at $87.62 on Tuesday. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of 27.30 and a beta of 1.41. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a 50-day moving average price of $88.60 and a two-hundred day moving average price of $88.81.

CBRE Group (NYSE:CBREGet Free Report) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. Equities analysts predict that CBRE Group, Inc. will post 4.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CBRE shares. Keefe, Bruyette & Woods raised their price target 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. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Evercore ISI raised their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group initiated coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.50.

Get Our Latest Research Report on CBRE Group

CBRE Group Profile

(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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