Kestra Private Wealth Services LLC Sells 2,244 Shares of CBRE Group, Inc. (NYSE:CBRE)

Kestra Private Wealth Services LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBREGet Rating) by 39.5% during the first quarter, Holdings Channel reports. The institutional investor owned 3,434 shares of the financial services provider’s stock after selling 2,244 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in CBRE Group were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in shares of CBRE Group by 2.8% during the fourth quarter. HighTower Advisors LLC now owns 13,914 shares of the financial services provider’s stock worth $1,515,000 after purchasing an additional 381 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of CBRE Group by 4.6% during the fourth quarter. Eagle Asset Management Inc. now owns 22,327 shares of the financial services provider’s stock worth $2,422,000 after purchasing an additional 972 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of CBRE Group by 110.0% during the fourth quarter. Alberta Investment Management Corp now owns 80,000 shares of the financial services provider’s stock worth $8,681,000 after purchasing an additional 41,900 shares during the period. American International Group Inc. boosted its holdings in shares of CBRE Group by 0.3% during the fourth quarter. American International Group Inc. now owns 105,856 shares of the financial services provider’s stock worth $11,486,000 after purchasing an additional 285 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of CBRE Group by 8.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,511 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 354 shares during the period. 96.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CBRE shares. Raymond James increased their target price on shares of CBRE Group from $110.00 to $113.00 and gave the stock a “strong-buy” rating in a report on Friday, August 5th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Finally, Evercore ISI raised their price objective on shares of CBRE Group to $96.00 in a report on Monday, August 15th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $110.20.

CBRE Group Stock Performance

Shares of CBRE opened at $74.98 on Wednesday. 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, Inc. has a one year low of $67.68 and a one year high of $111.00. The company has a 50-day simple moving average of $81.23 and a two-hundred day simple moving average of $81.80. The firm has a market capitalization of $24.08 billion, a PE ratio of 12.57 and a beta of 1.38.

CBRE Group (NYSE:CBREGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.39 by $0.44. CBRE Group had a net margin of 6.59% and a return on equity of 25.77%. The business had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same period last year, the business posted $1.36 earnings per share. CBRE Group’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, analysts anticipate 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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