IFP Advisors Inc Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

IFP Advisors Inc grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,203 shares of the financial services provider’s stock after buying an additional 100 shares during the period. IFP Advisors Inc’s holdings in CBRE Group were worth $158,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new position in shares of CBRE Group during the 3rd quarter valued at $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in CBRE Group during the 4th quarter worth about $1,518,000. Merit Financial Group LLC purchased a new stake in CBRE Group during the 4th quarter worth about $256,000. Fulton Bank N.A. lifted its holdings in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $140.56 on Tuesday. 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 firm has a market capitalization of $42.17 billion, a P/E ratio of 44.76 and a beta of 1.39. The stock’s 50-day simple moving average is $137.52 and its two-hundred day simple moving average is $130.25. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE) last announced 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 anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three investment 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.