James Investment Research Inc. Boosts Position in CBRE Group, Inc. (NYSE:CBRE)

James Investment Research Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,500 shares of the financial services provider’s stock after acquiring an additional 647 shares during the quarter. James Investment Research Inc.’s holdings in CBRE Group were worth $4,530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Canton Hathaway LLC purchased a new stake in CBRE Group in the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the third quarter worth about $32,000. CENTRAL TRUST Co increased its position in CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after buying an additional 302 shares in the last quarter. Versant Capital Management Inc increased its position in CBRE Group by 3,969.2% in the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after buying an additional 516 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in CBRE Group in the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Evercore ISI cut their target price 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. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.33.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $143.89 on Friday. The stock has a 50 day moving average of $136.08 and a 200 day moving average of $127.59. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market cap of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. On average, research analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current fiscal 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.