Brighton Jones LLC Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Brighton Jones LLC grew its position in CBRE Group, Inc. (NYSE:CBRE) by 322.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,492 shares of the financial services provider’s stock after purchasing an additional 11,065 shares during the period. Brighton Jones LLC’s holdings in CBRE Group were worth $1,903,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Canton Hathaway LLC purchased a new stake in CBRE Group during the third quarter worth approximately $27,000. American National Bank & Trust acquired a new position in shares of CBRE Group during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group during the 3rd quarter worth $32,000. Wolff Wiese Magana LLC increased its holdings in 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 purchasing an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in CBRE Group in the third quarter valued at about $40,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE Group stock opened at $141.23 on Friday. The company has a market cap of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The company has a fifty day moving average price of $133.86 and a two-hundred day moving average price of $122.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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 business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

CBRE has been the subject of a number of recent research reports. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday. Citigroup increased their price objective 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. Evercore ISI reduced their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

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.