Chevy Chase Trust Holdings LLC Decreases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Chevy Chase Trust Holdings LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,487 shares of the financial services provider’s stock after selling 3,659 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of CBRE Group worth $20,939,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Canton Hathaway LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at about $32,000. CENTRAL TRUST Co increased its position in shares of CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 302 shares during the last quarter. Versant Capital Management Inc increased its position in shares of CBRE Group by 3,969.2% during the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 516 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of CBRE Group during the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.5 %

CBRE stock opened at $143.89 on Friday. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. The business has a 50 day simple moving average of $136.08 and a two-hundred day simple moving average of $127.59.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. Research analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.33.

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.