Simplicity Wealth LLC Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Simplicity Wealth LLC bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,892 shares of the financial services provider’s stock, valued at approximately $248,000.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $27,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $32,000. Finally, Larson Financial Group LLC lifted its position in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley lifted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Down 3.6 %

Shares of CBRE Group stock opened at $125.77 on Tuesday. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 40.05 and a beta of 1.42. The company’s 50 day moving average is $137.82 and its 200 day moving average is $131.03. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current 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.