Cwm LLC Has $1.01 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Cwm LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,358 shares of the financial services provider’s stock after purchasing an additional 356 shares during the period. Cwm LLC’s holdings in CBRE Group were worth $1,007,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $45,000. Cary Street Partners Investment Advisory LLC grew its stake in CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares during the period. Bruce G. Allen Investments LLC acquired a new position in CBRE Group in the fourth quarter valued at about $48,000. Planned Solutions Inc. acquired a new position in CBRE Group in the fourth quarter valued at about $52,000. Finally, Headinvest LLC acquired a new position in CBRE Group in the third quarter valued at about $44,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Finally, StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Stock Up 1.7 %

CBRE stock opened at $90.18 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $27.67 billion, a P/E ratio of 28.09 and a beta of 1.41. The business has a 50-day moving average of $87.62 and a 200-day moving average of $89.18. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. CBRE Group’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

About CBRE Group

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.