Flputnam Investment Management Co. Increases Position in CBRE Group, Inc. (NYSE:CBRE)

Flputnam Investment Management Co. grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,924 shares of the financial services provider’s stock after acquiring an additional 1,516 shares during the quarter. Flputnam Investment Management Co.’s holdings in CBRE Group were worth $6,817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the third quarter valued at about $27,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the third quarter valued at about $32,000. Catalyst Capital Advisors LLC lifted its position in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the period. Finally, CENTRAL TRUST Co lifted its position in CBRE Group by 165.9% in the fourth 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 period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

CBRE stock opened at $141.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $137.32 and a 200-day moving average of $129.90. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a market cap of $42.57 billion, a price-to-earnings ratio of 45.19 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley raised their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group started 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.