Swedbank AB Decreases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Swedbank AB lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,194,968 shares of the financial services provider’s stock after selling 105,067 shares during the period. Swedbank AB owned approximately 0.39% of CBRE Group worth $156,887,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the third quarter valued at $27,000. American National Bank & Trust purchased a new stake in CBRE Group in the 3rd quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the 3rd quarter worth about $32,000. Wolff Wiese Magana LLC lifted its stake in 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 purchasing an additional 283 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in shares of CBRE Group during the third quarter valued at approximately $40,000. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred 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 sale, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBRE shares. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Evercore ISI reduced their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price target 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. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Trading Up 0.5 %

Shares of CBRE traded up $0.78 during midday trading on Wednesday, reaching $143.38. The company had a trading volume of 309,511 shares, compared to its average volume of 1,696,880. The firm has a 50 day simple moving average of $134.50 and a 200-day simple moving average of $124.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $43.88 billion, a PE ratio of 46.11 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $143.69.

CBRE Group 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.