CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,160 shares of the financial services provider’s stock after purchasing an additional 10,573 shares during the quarter. Park Avenue Securities LLC’s holdings in CBRE Group were worth $4,616,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CBRE. Canton Hathaway LLC purchased a new position in CBRE Group during the third quarter worth about $27,000. American National Bank & Trust purchased a new position in shares of CBRE Group during the 3rd quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of 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 valued at $36,000 after buying an additional 283 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CBRE. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed 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 on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $115.00 to $160.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.44.

CBRE Group Trading Up 2.7 %

Shares of CBRE opened at $134.84 on Friday. 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, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The stock has a market cap of $41.26 billion, a price-to-earnings ratio of 43.36 and a beta of 1.39. The firm has a 50 day simple moving average of $133.36 and a 200-day simple moving average of $120.63.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the business posted $0.72 earnings per share. CBRE Group’s revenue was up 14.8% compared to the same quarter last year. Equities analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other 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 directly 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 SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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.