First Affirmative Financial Network Has $233,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

First Affirmative Financial Network lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,774 shares of the financial services provider’s stock after selling 86 shares during the quarter. First Affirmative Financial Network’s holdings in CBRE Group were worth $233,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Lindbrook Capital LLC increased its holdings in CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR boosted its position in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC boosted its position in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after buying an additional 82 shares during the period. Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after buying an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas raised its position in CBRE Group by 0.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after buying an additional 93 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group 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 sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on CBRE shares. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI decreased their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Trading Up 2.2 %

CBRE Group stock opened at $144.75 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day simple moving average of $134.70 and a 200 day simple moving average of $124.19. The stock has a market capitalization of $44.30 billion, a P/E ratio of 46.54 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $146.83.

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.