Trillium Asset Management LLC acquired a new position in shares of CBRE Group Inc (NYSE:CBRE) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 7,272 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other hedge funds have also made changes to their positions in the stock. Atria Investments LLC lifted its position in shares of CBRE Group by 14.4% during the 2nd quarter. Atria Investments LLC now owns 8,151 shares of the financial services provider’s stock worth $389,000 after buying an additional 1,024 shares during the last quarter. Optimum Investment Advisors raised its position in CBRE Group by 6.8% in the third quarter. Optimum Investment Advisors now owns 21,263 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 1,350 shares during the last quarter. FTB Advisors Inc. bought a new position in CBRE Group in the third quarter valued at about $350,000. DNB Asset Management AS raised its position in CBRE Group by 3.8% in the third quarter. DNB Asset Management AS now owns 43,679 shares of the financial services provider’s stock valued at $1,926,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in CBRE Group by 1.7% in the third quarter. Xact Kapitalforvaltning AB now owns 104,119 shares of the financial services provider’s stock valued at $4,592,000 after purchasing an additional 1,740 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Shares of CBRE opened at $42.12 on Wednesday. CBRE Group Inc has a 1 year low of $38.05 and a 1 year high of $50.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $14.87 billion, a PE ratio of 15.54, a P/E/G ratio of 1.05 and a beta of 1.76.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. CBRE Group had a return on equity of 23.45% and a net margin of 4.32%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.17 billion. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that CBRE Group Inc will post 3.2 EPS for the current fiscal year.

Several equities analysts have commented on the company. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Monday, August 6th. Barclays increased their target price on CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, August 30th. ValuEngine downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Bank of America dropped their target price on CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. CBRE Group currently has an average rating of “Buy” and an average price target of $52.56.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

Further Reading: Reverse Stock Split

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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