ING Groep NV Sells 666 Shares of CBRE Group, Inc. (NYSE:CBRE)

ING Groep NV decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,618 shares of the financial services provider’s stock after selling 666 shares during the quarter. ING Groep NV’s holdings in CBRE Group were worth $7,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. Canton Hathaway LLC bought a new position in shares of CBRE Group in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group in the third quarter worth about $32,000. Catalyst Capital Advisors LLC lifted its holdings in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of CBRE Group by 3,969.2% in the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 516 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBRE. 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 report on Wednesday. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. 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 report on Monday, December 16th. 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 report on Friday, February 14th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $135.72 on Friday. The company has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39. The company has a 50 day simple moving average of $136.53 and a two-hundred day simple moving average of $128.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. Research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.