Shelton Wealth Management LLC Has $1.01 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Shelton Wealth Management LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,660 shares of the financial services provider’s stock after buying an additional 214 shares during the quarter. Shelton Wealth Management LLC’s holdings in CBRE Group were worth $1,006,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Premier Path Wealth Partners LLC boosted its stake in shares of CBRE Group by 6.5% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,786 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 169 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in CBRE Group by 4.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,007 shares of the financial services provider’s stock valued at $395,000 after buying an additional 137 shares in the last quarter. Merit Financial Group LLC bought a new stake in CBRE Group during the fourth quarter worth about $256,000. Boston Common Asset Management LLC increased its holdings in shares of CBRE Group by 0.3% during the fourth quarter. Boston Common Asset Management LLC now owns 92,637 shares of the financial services provider’s stock worth $12,162,000 after buying an additional 244 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in shares of CBRE Group in the fourth quarter valued at approximately $4,071,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of research analyst reports. Evercore ISI decreased their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. 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 report on Tuesday, October 29th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and upped 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, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.44.

CBRE Group Trading Up 1.7 %

Shares of NYSE CBRE opened at $137.02 on Friday. The company’s 50 day simple moving average is $133.43 and its 200 day simple moving average is $121.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The firm has a market capitalization of $41.93 billion, a P/E ratio of 44.06 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the business earned $0.72 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. On average, analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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.