CBRE Group, Inc. (NYSE:CBRE) Position Cut by Kintegral Advisory LLC

Kintegral Advisory LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,015 shares of the financial services provider’s stock after selling 1,631 shares during the quarter. Kintegral Advisory LLC’s holdings in CBRE Group were worth $4,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its position in CBRE Group by 5.9% in the third quarter. Creative Planning now owns 37,804 shares of the financial services provider’s stock worth $4,706,000 after acquiring an additional 2,092 shares in the last quarter. Signaturefd LLC grew its stake in CBRE Group by 5.2% during the 3rd quarter. Signaturefd LLC now owns 4,975 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 246 shares in the last quarter. Private Advisor Group LLC grew its stake in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of CBRE Group by 21.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,749 shares of the financial services provider’s stock valued at $343,000 after buying an additional 485 shares in the last quarter. Finally, Heartland Bank & Trust Co bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $246,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

CBRE Group stock opened at $135.72 on Friday. The business’s 50-day simple moving average is $136.53 and its 200 day simple moving average is $128.46. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. 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 posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBRE. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Citigroup upped their target price 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 cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI lowered their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three 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 stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.