V Square Quantitative Management LLC Trims Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

V Square Quantitative Management LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 2.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,685 shares of the financial services provider’s stock after selling 206 shares during the period. V Square Quantitative Management LLC’s holdings in CBRE Group were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $32,000. Wolff Wiese Magana LLC increased its holdings in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Asset Dedication LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co grew its holdings in CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent analyst reports. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.33.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $143.89 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $135.96 and a two-hundred day moving average price of $127.36. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week 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.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

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.