Jennison Associates LLC Purchases 18,100 Shares of CBRE Group, Inc. (NYSE:CBRE)

Jennison Associates LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.2% during the 1st quarter, HoldingsChannel reports. The firm owned 444,517 shares of the financial services provider’s stock after buying an additional 18,100 shares during the period. Jennison Associates LLC’s holdings in CBRE Group were worth $43,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Headinvest LLC bought a new stake in shares of CBRE Group in the third quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC bought a new position in CBRE Group during the 4th quarter worth about $45,000. Bruce G. Allen Investments LLC bought a new position in CBRE Group during the 4th quarter worth about $48,000. Planned Solutions Inc. bought a new position in CBRE Group during the 4th quarter worth about $52,000. Finally, EdgeRock Capital LLC bought a new position in CBRE Group during the 4th quarter worth about $59,000. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CBRE. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Evercore ISI increased their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.17.

CBRE Group Stock Up 1.3 %

Shares of CBRE stock traded up $1.15 during mid-day trading on Monday, hitting $88.36. 1,093,607 shares of the stock traded hands, compared to its average volume of 1,659,551. The stock has a market cap of $27.11 billion, a P/E ratio of 27.53 and a beta of 1.40. The stock’s fifty day moving average is $87.97 and its two-hundred day moving average is $89.38. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. Equities analysts predict that CBRE Group, Inc. will post 4.5 EPS for the current year.

CBRE Group Company 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.