Mather Group LLC. Purchases 157 Shares of CBRE Group, Inc. (NYSE:CBRE)

Mather Group LLC. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,879 shares of the financial services provider’s stock after purchasing an additional 157 shares during the quarter. Mather Group LLC.’s holdings in CBRE Group were worth $247,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Algert Global LLC purchased a new stake in shares of CBRE Group in the 3rd quarter worth $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in CBRE Group in the fourth quarter worth about $1,518,000. Merit Financial Group LLC bought a new position in shares of CBRE Group in the fourth quarter worth about $256,000. Fulton Bank N.A. lifted its position in shares of CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in shares of CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 3,807 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $144.64 on Friday. The business’s 50 day moving average price is $135.43 and its 200-day moving average price is $125.85. CBRE Group, Inc. has a fifty-two week low of $83.31 and a fifty-two week high of $147.75. The company has a market cap of $44.26 billion, a P/E ratio of 46.51 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

Analyst Ratings Changes

CBRE has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Finally, Raymond James downgraded 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 note on Friday, January 24th. Three investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.54% of the company’s stock.

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.