Howard Capital Management Inc. Purchases 108 Shares of CBRE Group, Inc. (NYSE:CBRE)

Howard Capital Management Inc. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.7% during the fourth quarter, HoldingsChannel reports. The fund owned 2,398 shares of the financial services provider’s stock after acquiring an additional 108 shares during the quarter. Howard Capital Management Inc.’s holdings in CBRE Group were worth $315,000 at the end of the most recent quarter.

Other hedge funds have also 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. Denver PWM LLC purchased a new stake in CBRE Group in the fourth quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the third quarter worth about $32,000. Catalyst Capital Advisors LLC lifted its position in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Morgan Stanley increased their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Citigroup increased their price target 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $137.81 on Tuesday. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company’s 50 day moving average is $136.50 and its 200 day moving average is $129.17. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.35 billion, a PE ratio of 43.89 and a beta of 1.39.

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