Van ECK Associates Corp Has $1.85 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Van ECK Associates Corp increased its holdings in CBRE Group, Inc. (NYSE:CBREFree Report) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,026 shares of the financial services provider’s stock after buying an additional 305 shares during the period. Van ECK Associates Corp’s holdings in CBRE Group were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Humankind Investments LLC grew its stake in shares of CBRE Group by 5.3% during the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after buying an additional 146 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of CBRE Group by 0.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock worth $3,955,000 after buying an additional 149 shares during the last quarter. Greenfield Savings Bank grew its stake in shares of CBRE Group by 4.2% during the fourth quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock worth $423,000 after buying an additional 184 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of CBRE Group by 5.3% during the first quarter. HB Wealth Management LLC now owns 3,775 shares of the financial services provider’s stock worth $367,000 after buying an additional 191 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of CBRE Group by 0.7% during the first quarter. Park Avenue Securities LLC now owns 29,404 shares of the financial services provider’s stock worth $2,859,000 after buying an additional 194 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CBRE. Jefferies Financial Group began coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. Evercore ISI boosted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, UBS Group reduced their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Five equities research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $101.17.

Check Out Our Latest Research Report on CBRE Group

CBRE Group Price Performance

CBRE stock opened at $87.21 on Monday. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of 27.17 and a beta of 1.40. 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’s fifty day simple moving average is $87.96 and its 200 day simple moving average is $89.40.

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

CBRE Group Company 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.

See Also

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

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