CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Lingotto Investment Management LLP

Lingotto Investment Management LLP lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,212 shares of the financial services provider’s stock after selling 10,805 shares during the quarter. Lingotto Investment Management LLP’s holdings in CBRE Group were worth $6,855,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $27,000. Denver PWM LLC acquired a new position in CBRE Group during the fourth quarter worth $29,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group during the third quarter worth $32,000. Catalyst Capital Advisors LLC grew its stake in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of a number of research analyst reports. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Morgan Stanley lifted their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $138.67 on Wednesday. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. 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 has a market capitalization of $41.61 billion, a PE ratio of 44.16 and a beta of 1.39. The business’s fifty day moving average price is $136.55 and its 200 day moving average price is $129.38.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

About CBRE Group

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.