CIBC Asset Management Inc Has $6.90 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

CIBC Asset Management Inc lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 52,526 shares of the financial services provider’s stock after buying an additional 2,716 shares during the quarter. CIBC Asset Management Inc’s holdings in CBRE Group were worth $6,896,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CBRE. FMR LLC increased its holdings in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in CBRE Group during the fourth quarter worth approximately $175,978,000. Robeco Institutional Asset Management B.V. grew its holdings in CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares during the last quarter. State Street Corp raised its position in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of CBRE Group by 88.6% in the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock worth $94,015,000 after buying an additional 336,359 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research analyst reports. The Goldman Sachs Group began coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Morgan Stanley raised their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Three research 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 company. Based on data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Down 0.1 %

CBRE opened at $143.62 on Thursday. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a market capitalization of $43.95 billion, a P/E ratio of 45.74 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. The firm’s fifty day moving average price is $136.37 and its two-hundred day moving average price is $128.26.

CBRE Group (NYSE:CBRE) last issued its earnings results 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 net margin of 2.71% and a return on equity of 16.96%. On average, analysts anticipate that CBRE Group, Inc. will post 6 EPS for the current year.

CBRE Group 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.