CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,007 shares of the financial services provider’s stock after purchasing an additional 137 shares during the quarter. Integrated Investment Consultants LLC’s holdings in CBRE Group were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth about $27,000. American National Bank & Trust acquired a new position in CBRE Group during the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. boosted its position in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in CBRE Group during the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC boosted its position in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CBRE Group 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 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 is available at this link. 0.54% of the stock is owned by insiders.

CBRE Group Price Performance

CBRE Group stock 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 $121.32. The company has a market capitalization of $41.93 billion, a price-to-earnings ratio of 44.06 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBRE. Evercore ISI lowered 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. Morgan Stanley upgraded shares of 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 report on Wednesday. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.44.

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.