Stevens Capital Management LP Takes $3.97 Million Position in CBRE Group Inc (CBRE)

Stevens Capital Management LP purchased a new position in CBRE Group Inc (NYSE:CBRE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,119 shares of the financial services provider’s stock, valued at approximately $3,974,000.

Several other institutional investors have also recently made changes to their positions in the company. Optimum Investment Advisors lifted its holdings in shares of CBRE Group by 6.8% in the third quarter. Optimum Investment Advisors now owns 21,263 shares of the financial services provider’s stock worth $938,000 after buying an additional 1,350 shares in the last quarter. FTB Advisors Inc. purchased a new stake in CBRE Group in the third quarter valued at approximately $350,000. DNB Asset Management AS raised its stake in CBRE Group by 3.8% in the third quarter. DNB Asset Management AS now owns 43,679 shares of the financial services provider’s stock valued at $1,926,000 after purchasing an additional 1,600 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in CBRE Group by 1.7% in the third quarter. Xact Kapitalforvaltning AB now owns 104,119 shares of the financial services provider’s stock valued at $4,592,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Atria Investments LLC raised its stake in CBRE Group by 27.3% in the third quarter. Atria Investments LLC now owns 10,373 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 2,222 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

CBRE has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Barclays raised their target price on shares of CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, August 30th. Bank of America lowered their target price on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, August 6th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. CBRE Group currently has a consensus rating of “Buy” and a consensus price target of $52.56.

CBRE stock opened at $43.68 on Friday. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. CBRE Group Inc has a one year low of $38.05 and a one year high of $50.43. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.17 billion. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts anticipate that CBRE Group Inc will post 3.2 EPS for the current year.

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About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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