Kestra Private Wealth Services LLC Acquires 2,959 Shares of CBRE Group, Inc. (NYSE:CBRE)

Kestra Private Wealth Services LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 119.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,428 shares of the financial services provider’s stock after buying an additional 2,959 shares during the period. Kestra Private Wealth Services LLC’s holdings in CBRE Group were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Gilbert & Cook Inc. raised its holdings in shares of CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 75 shares during the last quarter. Lindbrook Capital LLC increased its holdings in CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR raised its stake in shares of CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 80 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 82 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent analyst reports. Evercore ISI dropped their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday. Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.33.

CBRE Group Stock Performance

Shares of CBRE opened at $143.89 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock’s fifty day moving average price is $135.96 and its two-hundred day moving average price is $127.36.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current 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.