Greenfield Savings Bank Purchases 252 Shares of CBRE Group, Inc. (NYSE:CBRE)

Greenfield Savings Bank grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.2% in the fourth quarter, HoldingsChannel reports. The fund owned 5,138 shares of the financial services provider’s stock after buying an additional 252 shares during the period. Greenfield Savings Bank’s holdings in CBRE Group were worth $675,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Canton Hathaway LLC acquired a new stake in CBRE Group in the third quarter valued at about $27,000. American National Bank & Trust bought a new position in CBRE Group during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group during the third quarter worth about $32,000. Wolff Wiese Magana LLC lifted its stake in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the period. Finally, Asset Dedication LLC bought a new stake in CBRE Group in the third quarter valued at approximately $40,000. 98.41% of the stock is owned by institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.33.

CBRE Group Trading Down 0.1 %

NYSE CBRE opened at $123.57 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $37.81 billion, a P/E ratio of 39.73 and a beta of 1.39. The business has a fifty day simple moving average of $133.51 and a 200 day simple moving average of $120.30. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal 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.