Proficio Capital Partners LLC Makes New $53.18 Million Investment in CBRE Group, Inc. (NYSE:CBRE)

Proficio Capital Partners LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 405,030 shares of the financial services provider’s stock, valued at approximately $53,176,000. Proficio Capital Partners LLC owned about 0.13% of CBRE Group at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. Gilbert & Cook Inc. boosted its stake in shares of CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 75 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 79 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 80 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of CBRE Group by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 82 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 90 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE stock opened at $139.65 on Friday. The firm has a 50-day moving average of $137.07 and a 200-day moving average of $129.53. The company has a market cap of $41.90 billion, a P/E ratio of 44.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBRE. Morgan Stanley upped their price objective 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. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods increased their target price 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. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.