Balboa Wealth Partners Invests $267,000 in CBRE Group, Inc. (NYSE:CBRE)

Balboa Wealth Partners purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,030 shares of the financial services provider’s stock, valued at approximately $267,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after buying an additional 692,697 shares during the period. Geode Capital Management LLC raised its stake in CBRE Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock valued at $950,270,000 after acquiring an additional 56,888 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after acquiring an additional 177,119 shares during the period. FMR LLC grew its stake in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its holdings in shares of CBRE Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock valued at $623,416,000 after purchasing an additional 25,142 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $121.65 on Friday. The firm has a market capitalization of $36.50 billion, a price-to-earnings ratio of 38.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The business’s 50 day simple moving average is $137.47 and its 200-day simple moving average is $131.00. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates 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 forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBRE. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, 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 on the stock. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target 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.