CBRE Group, Inc. $CBRE Stock Holdings Lifted by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 70.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 399,099 shares of the financial services provider’s stock after purchasing an additional 164,885 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in CBRE Group were worth $51,470,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CenterBook Partners LP increased its position in shares of CBRE Group by 468.2% in the 3rd quarter. CenterBook Partners LP now owns 21,126 shares of the financial services provider’s stock worth $2,714,000 after purchasing an additional 17,408 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of CBRE Group by 1,536.9% in the third quarter. IFP Advisors Inc now owns 54,313 shares of the financial services provider’s stock valued at $6,978,000 after acquiring an additional 50,995 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of CBRE Group by 138.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,971 shares of the financial services provider’s stock worth $1,666,000 after buying an additional 7,529 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in CBRE Group in the 2nd quarter valued at about $2,209,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of CBRE Group by 121.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,617 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 7,470 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRE has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of CBRE Group from $180.00 to $164.00 in a report on Monday, October 12th. UBS Group boosted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Evercore cut their price objective on CBRE Group from $175.00 to $166.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. The Goldman Sachs Group lifted their price target on CBRE Group from $188.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Barclays upped their price target on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.78.

CBRE Group Stock Up 0.5%

CBRE opened at $133.17 on Friday. CBRE Group, Inc. has a twelve month low of $121.44 and a twelve month high of $174.27. The firm’s 50-day simple moving average is $133.87 and its 200-day simple moving average is $140.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 16.67 and a beta of 1.24.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.09. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The firm had revenue of $11.52 billion for the quarter, compared to analyst estimates of $11.81 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Equities research analysts anticipate that CBRE Group, Inc. will post 7.76 EPS for the current fiscal year.

About CBRE Group

CBRE Group, Inc. is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing. The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.