Vestcor Inc Lowers Stake in CBRE Group, Inc. (NYSE:CBRE)

Vestcor Inc reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,355 shares of the financial services provider’s stock after selling 1,012 shares during the quarter. Vestcor Inc’s holdings in CBRE Group were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Meridian Wealth Management LLC grew its position in shares of CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after buying an additional 75 shares in the last quarter. IFP Advisors Inc increased its stake in CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 100 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 104 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of CBRE Group by 4.7% during the 4th quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 108 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI lowered their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Trading Up 3.1 %

Shares of NYSE CBRE opened at $125.53 on Friday. The business’s 50 day moving average price is $137.35 and its 200-day moving average price is $131.17. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 39.98 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

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.