Hosking Partners LLP Sells 11,344 Shares of CBRE Group, Inc. (NYSE:CBRE)

Hosking Partners LLP reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,327 shares of the financial services provider’s stock after selling 11,344 shares during the period. CBRE Group makes up about 2.9% of Hosking Partners LLP’s investment portfolio, making the stock its 7th biggest holding. Hosking Partners LLP’s holdings in CBRE Group were worth $74,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wakefield Asset Management LLLP acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $3,495,000. Hahn Capital Management LLC boosted its holdings in CBRE Group by 47.8% in the 4th quarter. Hahn Capital Management LLC now owns 115,029 shares of the financial services provider’s stock worth $15,102,000 after acquiring an additional 37,179 shares during the period. QRG Capital Management Inc. grew its position in CBRE Group by 1.3% in the fourth quarter. QRG Capital Management Inc. now owns 234,371 shares of the financial services provider’s stock valued at $30,771,000 after acquiring an additional 3,022 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of CBRE Group during the fourth quarter valued at approximately $190,695,000. Finally, Versor Investments LP raised its stake in shares of CBRE Group by 92.9% during 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 period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of 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 report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective 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. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Down 0.7 %

Shares of CBRE Group stock opened at $139.65 on Friday. The business has a 50-day moving average price of $137.07 and a 200 day moving average price of $129.53. 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 $41.90 billion, a P/E ratio of 44.48 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 (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, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.