Fisher Funds Management LTD Purchases Shares of 56,569 CBRE Group, Inc. (NYSE:CBRE)

Fisher Funds Management LTD bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 56,569 shares of the financial services provider’s stock, valued at approximately $7,398,000.

A number of other hedge funds have also modified their holdings of the company. Canton Hathaway LLC bought a new stake in shares of CBRE Group during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group during the third quarter worth $32,000. Catalyst Capital Advisors LLC raised its position in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares in the last quarter. CENTRAL TRUST Co lifted its stake in CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 302 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of CBRE Group by 3,969.2% in the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 516 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CBRE shares. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. 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 Stock Down 4.2 %

Shares of NYSE CBRE opened at $135.72 on Friday. The company has a market cap of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a 50-day moving average price of $136.50 and a two-hundred day moving average price of $128.80.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.