Sanctuary Advisors LLC Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

Sanctuary Advisors LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,847 shares of the financial services provider’s stock after buying an additional 4,273 shares during the period. Sanctuary Advisors LLC’s holdings in CBRE Group were worth $3,450,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CBRE. State Street Corp raised its stake in CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after acquiring an additional 692,697 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CBRE Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock valued at $950,270,000 after purchasing an additional 56,888 shares during the period. Principal Financial Group Inc. raised its stake in shares of CBRE Group by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after purchasing an additional 177,119 shares during the last quarter. FMR LLC lifted its holdings in shares of CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock valued at $391,752,000 after buying an additional 338,298 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

NYSE:CBRE opened at $135.72 on Friday. 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 52 week low of $84.24 and a 52 week high of $147.75. The stock’s 50-day moving average price is $136.53 and its 200-day moving average price is $128.46. The stock has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 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, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group 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.