Custom Index Systems LLC Has $1.15 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Custom Index Systems LLC lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,768 shares of the financial services provider’s stock after purchasing an additional 1,477 shares during the period. Custom Index Systems LLC’s holdings in CBRE Group were worth $1,151,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter valued at approximately $27,000. American National Bank & Trust bought a new stake in shares of CBRE Group during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC raised 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 worth $36,000 after acquiring an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new position in CBRE Group during the 3rd quarter worth $40,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CBRE shares. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. 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 report on Friday, January 24th. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $148.56.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’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 owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

CBRE Group Stock Up 0.1 %

Shares of CBRE stock opened at $144.74 on Friday. The stock has a market cap of $44.29 billion, a P/E ratio of 46.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a fifty day moving average price of $134.96 and a 200 day moving average price of $124.33. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $147.10.

CBRE Group Profile

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.