Evoke Wealth LLC Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Evoke Wealth LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,404 shares of the financial services provider’s stock after purchasing an additional 118 shares during the period. Evoke Wealth LLC’s holdings in CBRE Group were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in CBRE Group during the fourth quarter valued at approximately $25,000. Canton Hathaway LLC bought a new stake in CBRE Group during the third quarter valued at approximately $27,000. Denver PWM LLC bought a new stake in CBRE Group during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its position in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley upped their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group upgraded shares of 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. Finally, Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Price Performance

CBRE stock opened at $126.28 on Wednesday. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company’s fifty day moving average price is $137.24 and its 200-day moving average price is $131.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company has a market capitalization of $37.89 billion, a PE ratio of 40.22 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

About CBRE Group

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.