Telemus Capital LLC Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Telemus Capital LLC lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Get Rating) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,920 shares of the financial services provider’s stock after acquiring an additional 274 shares during the period. Telemus Capital LLC’s holdings in CBRE Group were worth $6,710,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Financial Consulate Inc. lifted its holdings in shares of CBRE Group by 2.7% during the fourth quarter. Financial Consulate Inc. now owns 6,550 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 174 shares during the period. Moody National Bank Trust Division lifted its holdings in CBRE Group by 17.6% in the fourth quarter. Moody National Bank Trust Division now owns 6,361 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 951 shares during the period. MADDEN SECURITIES Corp acquired a new stake in CBRE Group in the fourth quarter valued at $58,000. UMB Bank n.a. lifted its holdings in CBRE Group by 112.1% in the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,235 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in CBRE Group in the fourth quarter valued at $286,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CBRE shares. StockNews.com started coverage on CBRE Group in a report on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised their target price on CBRE Group from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Friday, March 3rd. Keefe, Bruyette & Woods downgraded CBRE Group from an “outperform” rating to a “market perform” rating and set a $88.00 target price for the company. in a report on Thursday, January 26th. Raymond James reduced their target price on CBRE Group from $105.00 to $101.00 and set a “strong-buy” rating for the company in a report on Friday, January 20th. Finally, Citigroup initiated coverage on CBRE Group in a report on Friday, January 27th. They issued a “buy” rating and a $100.00 target price for the company. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

CBRE Group Trading Down 2.2 %

NYSE:CBRE opened at $73.87 on Friday. The company has a market capitalization of $22.89 billion, a PE ratio of 17.30 and a beta of 1.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. CBRE Group, Inc. has a 52-week low of $66.31 and a 52-week high of $94.21. The stock has a fifty day simple moving average of $84.26 and a 200-day simple moving average of $77.94.

CBRE Group (NYSE:CBRE – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. The business had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $7.97 billion. CBRE Group had a return on equity of 21.07% and a net margin of 4.57%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.19 EPS. On average, equities research analysts expect that CBRE Group, Inc. will post 5 earnings per share for the current fiscal year.

CBRE Group Profile

(Get Rating)

CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.