FFT Wealth Management LLC Acquires 123 Shares of CBRE Group, Inc. (NYSE:CBRE)

FFT Wealth Management LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,024 shares of the financial services provider’s stock after buying an additional 123 shares during the period. FFT Wealth Management LLC’s holdings in CBRE Group were worth $2,629,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Canton Hathaway LLC bought a new stake in shares of CBRE Group during the third quarter valued at about $27,000. Denver PWM LLC bought a new stake in CBRE Group during the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group during the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC boosted its holdings in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 302 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.6 %

CBRE stock opened at $138.67 on Wednesday. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a market capitalization of $41.61 billion, a PE ratio of 44.16 and a beta of 1.39. The company’s 50 day moving average price is $136.55 and its two-hundred day moving average price is $129.38. 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 (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 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%. As a group, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBRE. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a research report 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 report on Monday, December 16th. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Three equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.