CX Institutional Takes Position in CBRE Group, Inc. (NYSE:CBRE)

CX Institutional purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, Holdings Channel reports. The fund purchased 1,769 shares of the financial services provider’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $27,000. American National Bank & Trust purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

CBRE Group Trading Up 0.1 %

NYSE CBRE opened at $141.23 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $142.00. The stock has a market capitalization of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. The firm has a 50 day moving average of $134.08 and a two-hundred day moving average of $123.14.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBRE. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.56.

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.