Dorsey & Whitney Trust CO LLC Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Dorsey & Whitney Trust CO LLC raised its position in CBRE Group, Inc. (NYSE:CBRE) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,707 shares of the financial services provider’s stock after purchasing an additional 211 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in CBRE Group were worth $355,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Algert Global LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at about $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of CBRE Group during the 4th quarter valued at about $1,518,000. Merit Financial Group LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at about $256,000. Fulton Bank N.A. raised its holdings in shares of CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 19,227 shares during the period. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after buying an additional 3,807 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

Shares of CBRE opened at $125.77 on Tuesday. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 40.05 and a beta of 1.42. The stock has a 50 day moving average of $137.82 and a 200-day moving average of $131.03. 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 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

About CBRE Group

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.