BlueCrest Capital Management Ltd purchased a new position in CBRE Group Inc (NYSE:CBG) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 30,759 shares of the financial services provider’s stock, valued at approximately $1,332,000.
A number of other hedge funds also recently made changes to their positions in CBG. Invictus RG purchased a new stake in CBRE Group in the 3rd quarter worth $104,000. Fieldpoint Private Securities LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at about $104,000. Cerebellum GP LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at about $127,000. Tower Research Capital LLC TRC raised its position in shares of CBRE Group by 818.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock valued at $132,000 after buying an additional 2,726 shares in the last quarter. Finally, Zions Bancorporation raised its position in shares of CBRE Group by 5,136.8% during the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,493 shares in the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.
Several brokerages have recently issued reports on CBG. Raymond James Financial began coverage on shares of CBRE Group in a research report on Tuesday, February 6th. They set an “outperform” rating and a $55.00 target price on the stock. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, February 9th. JPMorgan Chase & Co. upped their target price on shares of CBRE Group from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, March 6th. JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Evercore ISI began coverage on shares of CBRE Group in a research report on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. CBRE Group has an average rating of “Buy” and a consensus price target of $47.28.
CBRE Group Inc (CBG) opened at $47.67 on Tuesday. The company has a market cap of $16,180.00, a PE ratio of 19.46, a P/E/G ratio of 1.19 and a beta of 1.72. CBRE Group Inc has a fifty-two week low of $32.30 and a fifty-two week high of $48.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. equities analysts predict that CBRE Group Inc will post 3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.10%.
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CBRE Group Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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