EverSource Wealth Advisors LLC Decreases Position in CBRE Group, Inc. (NYSE:CBRE)

EverSource Wealth Advisors LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBREGet Rating) by 38.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 410 shares of the financial services provider’s stock after selling 260 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CBRE Group were worth $38,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CBRE. Tcwp LLC purchased a new stake in CBRE Group in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp lifted its stake in CBRE Group by 65.4% in the first quarter. Jones Financial Companies Lllp now owns 316 shares of the financial services provider’s stock valued at $29,000 after buying an additional 125 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in CBRE Group in the first quarter valued at approximately $31,000. FourThought Financial LLC purchased a new stake in CBRE Group in the first quarter valued at approximately $41,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in CBRE Group in the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CBRE. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Raymond James upped their price target on CBRE Group from $110.00 to $113.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 5th. Finally, Evercore ISI upped their price target on CBRE Group to $96.00 in a research note on Monday, August 15th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $110.20.

CBRE Group Trading Down 2.7 %

Shares of CBRE stock opened at $76.11 on Monday. The business’s fifty day moving average price is $81.21 and its 200 day moving average price is $81.98. CBRE Group, Inc. has a 1-year low of $67.68 and a 1-year high of $111.00. The firm has a market capitalization of $24.44 billion, a PE ratio of 12.77 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.16 and a quick ratio of 1.16.

CBRE Group (NYSE:CBREGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.44. CBRE Group had a return on equity of 25.77% and a net margin of 6.59%. The firm had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. CBRE Group’s quarterly revenue was up 20.3% on a year-over-year basis. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 6.25 EPS for the current fiscal year.

CBRE Group Profile

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CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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