Impax Asset Management Group plc Sells 480 Shares of CBRE Group, Inc. (NYSE:CBRE)

Impax Asset Management Group plc trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,653 shares of the financial services provider’s stock after selling 480 shares during the quarter. Impax Asset Management Group plc’s holdings in CBRE Group were worth $5,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Edge Capital Group LLC raised its holdings in CBRE Group by 6.9% in the 4th quarter. Edge Capital Group LLC now owns 1,986 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 129 shares during the period. IFP Advisors Inc increased its holdings in shares of CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 100 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of CBRE Group during the fourth quarter worth approximately $746,000. Forvis Mazars Wealth Advisors LLC bought a new position in shares of CBRE Group during the fourth quarter worth approximately $1,835,000. Finally, Howard Capital Management Inc. increased its holdings in shares of CBRE Group by 4.7% during the fourth quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 108 shares during the period. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CBRE. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Citigroup increased their price target 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Performance

NYSE CBRE opened at $137.81 on Tuesday. The firm’s fifty day moving average price is $136.50 and its two-hundred day moving average price is $129.17. The stock has a market cap of $41.35 billion, a PE ratio of 43.89 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS 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.