2,808 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by New Century Financial Group LLC

New Century Financial Group LLC acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,808 shares of the financial services provider’s stock, valued at approximately $369,000.

Several other large investors also recently modified their holdings of CBRE. Benjamin F. Edwards & Company Inc. grew its position in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Profund Advisors LLC grew its holdings in shares of CBRE Group by 4.2% in the 2nd quarter. Profund Advisors LLC now owns 4,671 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 187 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of CBRE Group by 19.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 41,709 shares of the financial services provider’s stock worth $3,717,000 after purchasing an additional 6,718 shares in the last quarter. Bank of Montreal Can lifted its holdings in CBRE Group by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 377,012 shares of the financial services provider’s stock valued at $33,596,000 after purchasing an additional 4,756 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in CBRE Group by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 58,545 shares of the financial services provider’s stock valued at $5,217,000 after buying an additional 22,154 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 0.1 %

Shares of NYSE CBRE opened at $141.23 on Friday. The company’s 50 day simple moving average is $133.86 and its 200 day simple moving average is $122.53. The firm has a market capitalization of $43.22 billion, a P/E ratio of 45.41 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. CBRE Group’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current year.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Evercore ISI reduced their price target on shares of 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 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. 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 company. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $148.56.

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.