Farther Finance Advisors LLC Has $488,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

Farther Finance Advisors LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 110.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,719 shares of the financial services provider’s stock after purchasing an additional 1,948 shares during the period. Farther Finance Advisors LLC’s holdings in CBRE Group were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in CBRE Group by 42.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 684 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 205 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of CBRE Group by 17.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,986 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 1,325 shares during the period. HighTower Advisors LLC increased its stake in shares of CBRE Group by 175.0% in the 4th quarter. HighTower Advisors LLC now owns 62,347 shares of the financial services provider’s stock valued at $8,185,000 after buying an additional 39,678 shares during the period. Miller Financial Services LLC acquired a new stake in shares of CBRE Group in the 4th quarter valued at $580,000. Finally, King Luther Capital Management Corp increased its stake in shares of CBRE Group by 46.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,644 shares of the financial services provider’s stock valued at $347,000 after buying an additional 840 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBRE has been the subject of several research reports. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group began coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. 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. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $149.89.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

CBRE stock opened at $125.53 on Monday. The business’s 50-day moving average price is $137.35 and its two-hundred day moving average price is $131.28. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a market cap of $37.66 billion, a PE ratio of 39.98 and a beta of 1.42. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.