4,719 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund bought 4,719 shares of the financial services provider’s stock, valued at approximately $319,000.

Several other large investors have also recently made changes to their positions in CBRE. Franklin Resources Inc. grew its position in CBRE Group by 692.8% during the second quarter. Franklin Resources Inc. now owns 3,544,103 shares of the financial services provider’s stock valued at $260,880,000 after buying an additional 3,097,072 shares during the period. Renaissance Technologies LLC grew its position in shares of CBRE Group by 150.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,320,100 shares of the financial services provider’s stock valued at $120,816,000 after acquiring an additional 792,717 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of CBRE Group during the 3rd quarter valued at approximately $38,522,000. FMR LLC raised its holdings in shares of CBRE Group by 5.2% in the 2nd quarter. FMR LLC now owns 10,999,939 shares of the financial services provider’s stock worth $809,706,000 after purchasing an additional 540,866 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in CBRE Group by 9.6% in the second quarter. JPMorgan Chase & Co. now owns 4,239,306 shares of the financial services provider’s stock valued at $312,057,000 after purchasing an additional 369,875 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on CBRE Group from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. Citigroup assumed coverage on shares of CBRE Group in a report on Friday, January 27th. They set a “buy” rating and a $100.00 price objective on the stock. Keefe, Bruyette & Woods downgraded shares of CBRE Group from an “outperform” rating to a “market perform” rating and set a $88.00 target price for the company. in a research note on Thursday, January 26th. Finally, Raymond James dropped their price target on shares of CBRE Group from $105.00 to $101.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 20th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $92.43.

CBRE Group Trading Down 3.8 %

Shares of CBRE Group stock opened at $78.39 on Monday. The company’s 50-day moving average price is $84.66 and its 200-day moving average price is $78.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. CBRE Group, Inc. has a 12-month low of $66.31 and a 12-month high of $94.21. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 18.36 and a beta of 1.38.

CBRE Group (NYSE:CBRE – Get Rating) last posted its earnings results on Thursday, February 23rd. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. CBRE Group had a net margin of 4.57% and a return on equity of 21.07%. The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $7.97 billion. During the same quarter in the prior year, the firm posted $2.19 EPS. CBRE Group’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts expect that CBRE Group, Inc. will post 5.14 earnings per share for the current fiscal year.

About CBRE Group

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CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.