CBRE Group, Inc. (NYSE:CBRE) Holdings Increased by Custom Index Systems LLC

Custom Index Systems LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,768 shares of the financial services provider’s stock after acquiring 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 hedge funds have also made changes to their positions in the company. Canton Hathaway LLC bought a new position in CBRE Group during the 3rd quarter valued at $27,000. American National Bank & Trust acquired a new stake in shares of CBRE Group in the third quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the third quarter valued at about $32,000. Wolff Wiese Magana LLC boosted its stake in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in CBRE Group during the third quarter worth about $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred 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 represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE stock opened at $144.74 on Friday. The company has a market capitalization of $44.29 billion, a price-to-earnings ratio of 46.54 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $147.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $134.96 and its 200-day simple moving average is $124.33.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CBRE shares. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.56.

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.