QRG Capital Management Inc. Has $30.77 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

QRG Capital Management Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 234,371 shares of the financial services provider’s stock after buying an additional 3,022 shares during the period. QRG Capital Management Inc.’s holdings in CBRE Group were worth $30,771,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Alphinity Investment Management Pty Ltd acquired a new position in CBRE Group during the fourth quarter worth $190,695,000. Versor Investments LP grew its position in shares of CBRE Group by 92.9% in the fourth quarter. Versor Investments LP now owns 8,100 shares of the financial services provider’s stock valued at $1,063,000 after purchasing an additional 3,900 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $53,176,000. Cable Hill Partners LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $208,000. Finally, FFT Wealth Management LLC grew its position in shares of CBRE Group by 0.6% in the fourth quarter. FFT Wealth Management LLC now owns 20,024 shares of the financial services provider’s stock valued at $2,629,000 after purchasing an additional 123 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CBRE. Citigroup raised their price target on 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 CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley raised their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Up 1.4 %

Shares of CBRE opened at $140.63 on Thursday. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 44.79 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a 50-day moving average price of $136.79 and a two-hundred day moving average price of $129.45.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 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%. Equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal 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.