Blue Trust Inc. Has $1.46 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Blue Trust Inc. raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 25.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,752 shares of the financial services provider’s stock after acquiring an additional 2,367 shares during the quarter. Blue Trust Inc.’s holdings in CBRE Group were worth $1,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. Lindbrook Capital LLC increased its position in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after buying an additional 79 shares during the period. Stephens Inc. AR increased its position in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC increased its position in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after buying an additional 82 shares during the period. Private Advisor Group LLC increased its position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after buying an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas increased its position in shares of CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 93 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CBRE shares. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Finally, Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Three equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Stock Down 0.2 %

CBRE Group stock opened at $142.77 on Wednesday. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $143.69. The firm has a market capitalization of $43.69 billion, a price-to-earnings ratio of 45.91 and a beta of 1.39. The firm’s fifty day moving average price is $134.28 and its two-hundred day moving average price is $123.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This trade represents 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 available at this link. 0.54% of the stock is owned by insiders.

About CBRE Group

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.