Bleakley Financial Group LLC Buys 251 Shares of CBRE Group, Inc. (NYSE:CBRE)

Bleakley Financial Group LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,096 shares of the financial services provider’s stock after purchasing an additional 251 shares during the period. Bleakley Financial Group LLC’s holdings in CBRE Group were worth $669,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CBRE. Cetera Investment Advisers increased its position in CBRE Group by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 28,109 shares of the financial services provider’s stock valued at $2,505,000 after buying an additional 162 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of CBRE Group by 12.3% during the third quarter. Wedmont Private Capital now owns 3,541 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 389 shares in the last quarter. UMB Bank n.a. raised its position in shares of CBRE Group by 6.8% during the third quarter. UMB Bank n.a. now owns 3,333 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 212 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of CBRE Group by 462.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,797 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $244,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 1.2 %

CBRE stock opened at $142.84 on Monday. The stock has a market cap of $43.71 billion, a P/E ratio of 45.93 and a beta of 1.39. 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 $135.56 and its two-hundred day simple moving average is $126.48. CBRE Group, Inc. has a 1-year low of $83.42 and a 1-year high of $147.75.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. Evercore ISI dropped their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Morgan Stanley raised 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 report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group 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.