Hudson Capital Management LLC Has $5.27 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Hudson Capital Management LLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,172 shares of the financial services provider’s stock after selling 5,267 shares during the quarter. CBRE Group accounts for 1.6% of Hudson Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Hudson Capital Management LLC’s holdings in CBRE Group were worth $5,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth $27,000. American National Bank & Trust acquired a new stake in shares of CBRE Group during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth $32,000. Wolff Wiese Magana LLC grew its holdings in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth $40,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on CBRE shares. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley raised 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 note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.44.

CBRE Group Stock Performance

Shares of CBRE stock opened at $139.50 on Thursday. The business’s 50-day moving average price is $133.60 and its 200-day moving average price is $122.28. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The firm has a market capitalization of $42.69 billion, a price-to-earnings ratio of 44.86 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

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

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by 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.