Azzad Asset Management Inc. ADV Acquires 9,052 Shares of CBRE Group, Inc. (NYSE:CBRE)

Azzad Asset Management Inc. ADV boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 35.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,246 shares of the financial services provider’s stock after buying an additional 9,052 shares during the period. Azzad Asset Management Inc. ADV’s holdings in CBRE Group were worth $3,330,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Headinvest LLC acquired a new position in CBRE Group during the 3rd quarter worth approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CBRE Group in the 4th quarter valued at $45,000. Bruce G. Allen Investments LLC bought a new position in shares of CBRE Group in the fourth quarter valued at $48,000. Planned Solutions Inc. bought a new stake in shares of CBRE Group during the fourth quarter worth about $52,000. Finally, EdgeRock Capital LLC acquired a new position in CBRE Group during the 4th quarter valued at about $59,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.4 %

NYSE:CBRE traded up $0.35 during mid-day trading on Wednesday, hitting $87.43. 153,483 shares of the company’s stock were exchanged, compared to its average volume of 1,665,279. The company has a market cap of $26.83 billion, a PE ratio of 27.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The business has a fifty day moving average price of $87.95 and a 200 day moving average price of $89.47.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts predict that CBRE Group, Inc. will post 4.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price for the company. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.17.

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.