Jacobi Capital Management LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Jacobi Capital Management LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,636 shares of the financial services provider’s stock, valued at approximately $871,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in CBRE Group during the third quarter worth $27,000. Denver PWM LLC bought a new position in CBRE Group during the fourth quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the third quarter worth $32,000. Catalyst Capital Advisors LLC boosted its position in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 238 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in shares of CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after buying an additional 302 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 1.5 %

CBRE stock opened at $141.89 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. The company has a market cap of $42.57 billion, a PE ratio of 45.19 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The business has a 50-day simple moving average of $137.32 and a 200 day simple moving average of $129.90.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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%. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CBRE shares. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Finally, Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.