Blue Trust Inc. Has $1.46 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Blue Trust Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 25.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,752 shares of the financial services provider’s stock after acquiring an additional 2,367 shares during the period. Blue Trust Inc.’s holdings in CBRE Group were worth $1,463,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Canton Hathaway LLC bought a new stake in CBRE Group in the 3rd quarter valued at $27,000. American National Bank & Trust bought a new stake in CBRE Group in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC lifted its position in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in CBRE Group in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $142.77 on Wednesday. The company has a market cap of $43.69 billion, a price-to-earnings ratio of 45.91 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $134.28 and a 200 day simple moving average of $123.72. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $143.69.

Insider Activity at CBRE Group

In related 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 transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CBRE has been the topic of several analyst reports. Evercore ISI cut their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $133.00 to $152.00 in a research note 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.