Solstein Capital LLC Takes Position in CBRE Group Inc (CBRE)

Solstein Capital LLC bought a new position in CBRE Group Inc (NYSE:CBRE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,500 shares of the financial services provider’s stock, valued at approximately $375,000. CBRE Group comprises about 2.1% of Solstein Capital LLC’s investment portfolio, making the stock its 16th largest position.

A number of other large investors have also recently made changes to their positions in CBRE. Credit Suisse AG purchased a new position in shares of CBRE Group during the 3rd quarter valued at about $29,767,000. Schroder Investment Management Group purchased a new position in shares of CBRE Group during the 3rd quarter valued at about $1,301,000. Canada Pension Plan Investment Board purchased a new position in shares of CBRE Group during the 3rd quarter valued at about $2,759,000. Trexquant Investment LP purchased a new position in shares of CBRE Group during the 3rd quarter valued at about $1,290,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of CBRE Group during the 3rd quarter valued at about $31,712,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. ValuEngine downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Barclays lifted 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. Zacks Investment Research raised 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. Finally, Bank of America decreased their target price on CBRE Group from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. CBRE Group currently has a consensus rating of “Buy” and an average price target of $52.56.

Shares of CBRE opened at $42.73 on Friday. The company has a market cap of $14.40 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. CBRE Group Inc has a 12-month low of $38.05 and a 12-month high of $50.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.16.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The company had revenue of $5.26 billion for 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 revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts expect 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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