Fidelis Capital Partners LLC Purchases 104 Shares of CBRE Group, Inc. (NYSE:CBRE)

Fidelis Capital Partners LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,098 shares of the financial services provider’s stock after acquiring an additional 104 shares during the quarter. Fidelis Capital Partners LLC’s holdings in CBRE Group were worth $584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $1,518,000. Merit Financial Group LLC bought a new position in CBRE Group during the 4th quarter worth $256,000. Fulton Bank N.A. raised its holdings in CBRE Group by 342.0% in 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 acquiring an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in shares of 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 acquiring an additional 3,807 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $140.56 on Tuesday. The company’s 50 day moving average price is $137.52 and its two-hundred day moving average price is $130.25. The firm has a market capitalization of $42.17 billion, a P/E ratio of 44.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. 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 quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CBRE. Morgan Stanley raised their price target on 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 target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. 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, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target 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.