Handelsbanken Fonder AB Buys 11,235 Shares of CBRE Group, Inc. (NYSE:CBRE)

Handelsbanken Fonder AB raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 71.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,961 shares of the financial services provider’s stock after acquiring an additional 11,235 shares during the period. Handelsbanken Fonder AB’s holdings in CBRE Group were worth $3,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Algert Global LLC purchased a new position in CBRE Group during the third quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in CBRE Group in the 4th quarter valued at $1,518,000. Merit Financial Group LLC purchased a new position in shares of CBRE Group during the 4th quarter valued at $256,000. Fulton Bank N.A. increased its holdings in shares of CBRE Group by 342.0% in the fourth 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 during the period. Finally, Prestige Wealth Management Group LLC raised its position in shares of CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after buying an additional 3,807 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 4.2 %

NYSE CBRE opened at $135.72 on Monday. The stock has a 50-day moving average of $136.50 and a 200-day moving average of $128.96. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm has a market cap of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Morgan Stanley upped their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Three investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group 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.