Avestar Capital LLC Acquires Shares of 2,035 CBRE Group, Inc. (NYSE:CBRE)

Avestar Capital LLC acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,035 shares of the financial services provider’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. FMR LLC grew its holdings in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares during the period. Manning & Napier Advisors LLC bought a new position in CBRE Group during the fourth quarter valued at $175,978,000. Robeco Institutional Asset Management B.V. grew its holdings in CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares during the period. State Street Corp lifted its position in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after acquiring an additional 692,697 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of CBRE Group by 88.6% during the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock worth $94,015,000 after acquiring an additional 336,359 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CBRE. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $149.33.

CBRE Group Stock Up 0.5 %

CBRE opened at $143.89 on Friday. The stock has a market cap of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The business’s fifty day simple moving average is $135.96 and its 200 day simple moving average is $127.36.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. As a group, research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

CBRE Group 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.