Grove Bank & Trust Has $130,000 Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Grove Bank & Trust increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 987 shares of the financial services provider’s stock after buying an additional 254 shares during the quarter. Grove Bank & Trust’s holdings in CBRE Group were worth $130,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after purchasing an additional 993,963 shares in the last quarter. State Street Corp increased its holdings in CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Eminence Capital LP increased its holdings in CBRE Group by 42.6% in the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after purchasing an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in CBRE Group in the second quarter worth approximately $36,820,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 1.7 %

Shares of CBRE Group stock opened at $137.02 on Tuesday. The stock has a fifty day simple moving average of $133.43 and a 200 day simple moving average of $121.56. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $142.00. The company has a market capitalization of $41.93 billion, a P/E ratio of 44.06 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.

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

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $9,214,026.36. The trade was 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. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI decreased their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.