Forvis Mazars Wealth Advisors LLC Acquires Shares of 13,976 CBRE Group, Inc. (NYSE:CBRE)

Forvis Mazars Wealth Advisors LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, Holdings Channel reports. The firm bought 13,976 shares of the financial services provider’s stock, valued at approximately $1,835,000.

A number of other institutional investors have also modified their holdings of CBRE. State Street Corp lifted its holdings in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares during the period. Geode Capital Management LLC lifted its stake in shares of CBRE Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after acquiring an additional 56,888 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after acquiring an additional 177,119 shares during the period. FMR LLC boosted its holdings in shares of CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of CBRE Group by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock worth $391,752,000 after acquiring an additional 338,298 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 4.2 %

NYSE:CBRE opened at $135.72 on Monday. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $136.50 and a 200-day simple moving average of $128.96. The company has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced 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 net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CBRE shares. Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. JPMorgan Chase & Co. raised 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. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Finally, Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Three equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.