Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.37 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 24.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,513 shares of the financial services provider’s stock after selling 16,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CBRE Group were worth $6,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in CBRE Group during the 3rd quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group during the 4th quarter valued at approximately $1,518,000. Merit Financial Group LLC acquired a new stake in CBRE Group during the 4th quarter valued at approximately $256,000. Fulton Bank N.A. increased its position 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 valued at $3,262,000 after purchasing an additional 19,227 shares during the period. Finally, Prestige Wealth Management Group LLC increased its position 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 valued at $477,000 after purchasing an additional 3,807 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $137.81 on Tuesday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The business’s fifty day moving average is $136.50 and its 200 day moving average is $129.17. 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 stock has a market cap of $41.35 billion, a P/E ratio of 43.89 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBRE. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley raised their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CBRE Group currently has a consensus 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.