Gilbert & Cook Inc. Has $715,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Gilbert & Cook Inc. increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,448 shares of the financial services provider’s stock after purchasing an additional 75 shares during the period. Gilbert & Cook Inc.’s holdings in CBRE Group were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CBRE. Busey Bank boosted its position in CBRE Group by 2.2% in the fourth quarter. Busey Bank now owns 173,502 shares of the financial services provider’s stock valued at $22,779,000 after buying an additional 3,697 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of CBRE Group during the 4th quarter worth approximately $175,978,000. Hantz Financial Services Inc. grew its stake in CBRE Group by 2.6% in the fourth quarter. Hantz Financial Services Inc. now owns 8,287 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 211 shares in the last quarter. Forsta AP Fonden raised its stake in CBRE Group by 2.1% in the fourth quarter. Forsta AP Fonden now owns 62,500 shares of the financial services provider’s stock valued at $8,206,000 after buying an additional 1,300 shares during the period. Finally, Patton Fund Management Inc. bought a new position in CBRE Group in the 4th quarter valued at about $7,018,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 value of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $3.71 during trading on Thursday, reaching $145.35. The company had a trading volume of 58,095 shares, compared to its average volume of 1,733,200. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $145.00. The stock has a 50-day moving average price of $134.50 and a two-hundred day moving average price of $124.06. 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 has a market capitalization of $44.48 billion, a PE ratio of 46.73 and a beta of 1.39.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on shares of 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 raised CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three investment 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 MarketBeat, CBRE Group currently has a consensus 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.