2,343 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Lion Street Advisors LLC

Lion Street Advisors LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 2,343 shares of the financial services provider’s stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC increased its position in shares of CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the fourth quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. increased its holdings in CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares during the period. State Street Corp raised its position in CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in CBRE Group by 88.6% in the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock worth $94,015,000 after buying an additional 336,359 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of several research analyst reports. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Evercore ISI lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Stock Performance

Shares of CBRE opened at $147.22 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $45.05 billion, a P/E ratio of 47.34 and a beta of 1.39. The business’s 50 day moving average price is $135.30 and its 200-day moving average price is $125.70. CBRE Group, Inc. has a 52 week low of $83.22 and a 52 week high of $147.44.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.

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.