James Investment Research Inc. Buys 647 Shares of CBRE Group, Inc. (NYSE:CBRE)

James Investment Research Inc. grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,500 shares of the financial services provider’s stock after purchasing an additional 647 shares during the period. James Investment Research Inc.’s holdings in CBRE Group were worth $4,530,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CBRE. State Street Corp increased its holdings in shares of CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after acquiring an additional 692,697 shares during the period. Geode Capital Management LLC boosted its position in shares of CBRE Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after purchasing an additional 56,888 shares in the last quarter. FMR LLC lifted its position in CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares during the period. Principal Financial Group Inc. lifted its position in CBRE Group by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after acquiring an additional 277,922 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of CBRE Group by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock valued at $763,909,000 after buying an additional 49,732 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE stock opened at $143.89 on Friday. 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 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $44.03 billion, a P/E ratio of 46.27 and a beta of 1.39. The company’s fifty day moving average price is $136.08 and its two-hundred day moving average price is $127.59.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. On average, research analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several recent analyst reports. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three equities research 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 stock. According to data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $149.33.

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.