Raymond James & Associates Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Raymond James & Associates increased its position in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 246,418 shares of the financial services provider’s stock after buying an additional 5,874 shares during the period. Raymond James & Associates owned about 0.08% of CBRE Group worth $22,939,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of CBRE Group by 795.4% during the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after buying an additional 125,071 shares during the period. Advisor Resource Council purchased a new stake in shares of CBRE Group during the fourth quarter worth approximately $1,083,000. Empirical Asset Management LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth approximately $426,000. Hudson Capital Management LLC increased its stake in shares of CBRE Group by 3.4% during the fourth quarter. Hudson Capital Management LLC now owns 44,844 shares of the financial services provider’s stock worth $4,175,000 after buying an additional 1,473 shares during the period. Finally, Raymond James Trust N.A. increased its stake in shares of CBRE Group by 5.5% during the fourth quarter. Raymond James Trust N.A. now owns 4,713 shares of the financial services provider’s stock worth $439,000 after buying an additional 245 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Price Performance

CBRE stock opened at $97.24 on Monday. The company has a market capitalization of $29.73 billion, a P/E ratio of 30.68 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The business has a 50 day simple moving average of $90.81 and a 200-day simple moving average of $83.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBREGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts anticipate that CBRE Group, Inc. will post 4.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBRE shares. Evercore ISI downgraded CBRE Group from an “outperform” rating to an “in-line” rating and upped their price target for the company from $79.00 to $96.00 in a report on Wednesday, January 3rd. Raymond James upped their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a report on Monday, February 19th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $95.33.

View Our Latest Analysis on CBRE

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,592 shares of company stock worth $3,675,752. 0.53% of the stock is owned by corporate insiders.

CBRE Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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