Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,486 shares of the financial services provider’s stock after acquiring an additional 3,370 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CBRE Group were worth $8,144,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Belpointe Asset Management LLC boosted its position in shares of CBRE Group by 57.4% during the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 182 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after buying an additional 326 shares during the last quarter. Headinvest LLC bought a new stake in CBRE Group in the 3rd quarter worth approximately $44,000. Bruce G. Allen Investments LLC bought a new stake in CBRE Group in the 4th quarter worth approximately $48,000. Finally, GeoWealth Management LLC bought a new stake in CBRE Group in the 1st quarter worth approximately $48,000. Institutional investors own 98.41% of the company’s stock.
CBRE Group Price Performance
CBRE opened at $89.39 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The stock has a market capitalization of $27.33 billion, a PE ratio of 28.20 and a beta of 1.42. The stock’s 50 day moving average price is $92.33 and its 200-day moving average price is $84.45.
Insider Buying and Selling
In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’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 sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the company’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 sale, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 over the last ninety days. Company insiders own 0.53% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on CBRE. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Raymond James lifted their price target on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday. They issued a “hold” rating and a $107.00 price target on the stock. Finally, TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $99.50.
Check Out Our Latest Stock Analysis on CBRE
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.
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