Summit Trail Advisors LLC Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

Summit Trail Advisors LLC raised its position in CBRE Group, Inc. (NYSE:CBRE) by 46.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,214 shares of the financial services provider’s stock after purchasing an additional 1,020 shares during the period. Summit Trail Advisors LLC’s holdings in CBRE Group were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the third quarter worth approximately $32,000. Wolff Wiese Magana LLC boosted its stake 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 buying an additional 283 shares during the last quarter. Asset Dedication LLC purchased a new stake in CBRE Group in the 3rd quarter valued at $40,000. Finally, CENTRAL TRUST Co increased its stake in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.56.

CBRE Group Trading Down 0.7 %

Shares of NYSE CBRE opened at $140.73 on Thursday. The stock has a market capitalization of $43.07 billion, a PE ratio of 45.25 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. The stock has a fifty day simple moving average of $135.77 and a 200-day simple moving average of $127.15. CBRE Group, Inc. has a twelve month low of $84.21 and a twelve month high of $147.75.

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.