IMPACTfolio LLC Has $264,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

IMPACTfolio LLC lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,012 shares of the financial services provider’s stock after selling 148 shares during the quarter. IMPACTfolio LLC’s holdings in CBRE Group were worth $264,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Synovus Financial Corp grew its stake in shares of CBRE Group by 2.9% during the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock valued at $1,437,000 after purchasing an additional 330 shares during the last quarter. Tidal Investments LLC lifted its holdings in CBRE Group by 97.4% during the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock worth $1,281,000 after buying an additional 5,077 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in CBRE Group in the 3rd quarter valued at $2,330,000. World Investment Advisors LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at $285,000. Finally, TCW Group Inc. raised its position in shares of CBRE Group by 111.7% during the third quarter. TCW Group Inc. now owns 85,188 shares of the financial services provider’s stock worth $10,604,000 after acquiring an additional 44,957 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 1.1 %

NYSE CBRE traded down $1.48 during trading on Thursday, hitting $129.81. The stock had a trading volume of 711,461 shares, compared to its average volume of 1,708,194. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company’s 50-day moving average price is $134.00 and its two-hundred day moving average price is $117.85. The company has a market capitalization of $39.72 billion, a PE ratio of 41.74 and a beta of 1.39.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a research note on Thursday. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, Citigroup upped their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $138.33.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were 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 owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.