Avantax Advisory Services Inc. Buys 4,872 Shares of CBRE Group, Inc. (NYSE:CBRE)

Avantax Advisory Services Inc. grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 49.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,691 shares of the financial services provider’s stock after acquiring an additional 4,872 shares during the quarter. Avantax Advisory Services Inc.’s holdings in CBRE Group were worth $1,929,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of CBRE Group by 110.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,719 shares of the financial services provider’s stock valued at $488,000 after buying an additional 1,948 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of CBRE Group by 42.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 684 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 205 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of CBRE Group by 17.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,986 shares of the financial services provider’s stock valued at $1,180,000 after purchasing an additional 1,325 shares during the last quarter. HighTower Advisors LLC lifted its position in CBRE Group by 175.0% during the fourth quarter. HighTower Advisors LLC now owns 62,347 shares of the financial services provider’s stock valued at $8,185,000 after purchasing an additional 39,678 shares during the period. Finally, Miller Financial Services LLC purchased a new stake in CBRE Group in the fourth quarter worth approximately $580,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $128.81 on Tuesday. The company has a market capitalization of $38.65 billion, a P/E ratio of 41.02 and a beta of 1.42. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm’s 50 day simple moving average is $137.28 and its two-hundred day simple moving average is $131.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

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, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CBRE. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.89.

Insider Activity

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

CBRE Group Company 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.