Denver PWM LLC Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Denver PWM LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 222 shares of the financial services provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of CBRE Group in the 4th quarter worth $1,518,000. Merit Financial Group LLC acquired a new stake in shares of CBRE Group in the 4th quarter worth $256,000. Fulton Bank N.A. boosted its position in shares of CBRE Group by 342.0% in the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in shares of CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CBRE shares. Morgan Stanley raised their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Evercore ISI lowered their price target 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Performance

Shares of CBRE opened at $135.72 on Friday. The stock has a 50-day moving average of $136.50 and a two-hundred day moving average of $128.80. CBRE Group, Inc. has a one year low of $84.24 and a one year 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. The stock has a market cap of $40.72 billion, a P/E ratio of 43.22 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) 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, research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group Company 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.