Empirical Finance LLC Has $1.12 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Empirical Finance LLC increased its position in CBRE Group, Inc. (NYSE:CBRE) by 3.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,502 shares of the financial services provider’s stock after purchasing an additional 362 shares during the period. Empirical Finance LLC’s holdings in CBRE Group were worth $1,118,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at $45,000. Bruce G. Allen Investments LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at $48,000. Planned Solutions Inc. acquired a new stake in shares of CBRE Group during the 4th quarter valued at $52,000. Headinvest LLC bought a new position in shares of CBRE Group during the 3rd quarter valued at $44,000. Finally, EdgeRock Capital LLC bought a new position in shares of CBRE Group during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

NYSE:CBRE traded up $1.53 on Friday, reaching $94.65. The stock had a trading volume of 1,132,726 shares, compared to its average volume of 1,642,993. The company has a market capitalization of $29.04 billion, a P/E ratio of 29.67 and a beta of 1.40. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $88.21 and a 200-day moving average price of $89.39.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. 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. Evercore ISI lifted 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. Finally, StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.17.

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.