Simmons Bank Cuts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Simmons Bank cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 25,548 shares of the financial services provider’s stock after selling 198 shares during the quarter. Simmons Bank’s holdings in CBRE Group were worth $3,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FFT Wealth Management LLC grew its position in shares of CBRE Group by 0.6% during the fourth quarter. FFT Wealth Management LLC now owns 20,024 shares of the financial services provider’s stock worth $2,629,000 after buying an additional 123 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of CBRE Group by 1,499.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after buying an additional 993,687 shares in the last quarter. Edge Capital Group LLC grew its position in shares of CBRE Group by 6.9% during the fourth quarter. Edge Capital Group LLC now owns 1,986 shares of the financial services provider’s stock worth $261,000 after buying an additional 129 shares in the last quarter. IFP Advisors Inc grew its position 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 buying an additional 100 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of CBRE Group during the fourth quarter worth about $746,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CBRE. Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

CBRE stock opened at $140.63 on Thursday. The company has a market capitalization of $42.19 billion, a P/E ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The business has a 50 day simple moving average of $136.79 and a 200-day simple moving average of $129.45. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current 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.