King Luther Capital Management Corp Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

King Luther Capital Management Corp lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644 shares of the financial services provider’s stock after purchasing an additional 840 shares during the period. King Luther Capital Management Corp’s holdings in CBRE Group were worth $347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group in the 4th quarter worth approximately $25,000. Canton Hathaway LLC bought a new position in CBRE Group during the third quarter valued at about $27,000. Denver PWM LLC purchased a new stake in CBRE Group during the fourth quarter worth about $29,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group in the third quarter worth about $32,000. Finally, Larson Financial Group LLC boosted its stake in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Down 4.4 %

Shares of NYSE CBRE opened at $121.65 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $137.47 and a 200-day moving average of $131.00. The firm has a market capitalization of $36.50 billion, a price-to-earnings ratio of 38.74 and a beta of 1.42. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) 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%. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share 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.