Lee Capital Holdings LLC Takes Position in CBRE Group Inc (CBRE)

Lee Capital Holdings LLC purchased a new position in shares of CBRE Group Inc (NYSE:CBRE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,733 shares of the financial services provider’s stock, valued at approximately $2,326,000. CBRE Group comprises about 1.7% of Lee Capital Holdings LLC’s portfolio, making the stock its 22nd biggest position.

A number of other large investors have also recently made changes to their positions in the business. Optimum Investment Advisors grew its stake 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 valued at $938,000 after buying an additional 1,350 shares in the last quarter. FTB Advisors Inc. acquired a new stake in shares of CBRE Group in the third quarter valued at about $350,000. DNB Asset Management AS grew its stake in shares of 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 buying an additional 1,600 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of 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 buying an additional 1,740 shares in the last quarter. Finally, Atria Investments LLC grew its stake in shares of 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 buying an additional 2,222 shares in the last quarter. Institutional investors own 94.34% of the company’s stock.

A number of equities research analysts have recently issued reports on CBRE shares. ValuEngine lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Barclays increased their target price on 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 CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Finally, Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Monday, August 6th. Two equities research 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 company. CBRE Group currently has a consensus rating of “Buy” and a consensus target price of $52.56.

Shares of CBRE opened at $43.68 on Monday. The stock has a market capitalization of $14.89 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.05 and a beta of 1.78. CBRE Group Inc has a one year low of $38.05 and a one year high of $50.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

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

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CBRE Group Company Profile

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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