Exchange Traded Concepts LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 55.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,859 shares of the financial services provider’s stock after selling 8,521 shares during the period. Exchange Traded Concepts LLC’s holdings in CBRE Group were worth $1,103,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. ORG Partners LLC grew its position in shares of CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in CBRE Group during the second quarter worth about $30,000. Ameriflex Group Inc. purchased a new position in CBRE Group during the third quarter worth about $32,000. Bank of Jackson Hole Trust acquired a new stake in CBRE Group in the 3rd quarter worth about $38,000. Finally, Caitlin John LLC purchased a new stake in CBRE Group in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.
CBRE Group Stock Performance
CBRE Group stock opened at $136.53 on Friday. The company has a market cap of $40.30 billion, a price-to-earnings ratio of 35.37 and a beta of 1.34. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $174.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50-day moving average is $146.91 and its 200-day moving average is $155.12.
Insider Activity at CBRE Group
In other news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the transaction, the insider owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 9,223 shares of CBRE Group stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the transaction, the chief financial officer owned 126,501 shares in the company, valued at $18,799,313.61. The trade was a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,810 shares of company stock valued at $1,448,600. 0.42% of the stock is owned by insiders.
Wall Street Analyst Weigh In
CBRE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Barclays decreased their target price on shares of CBRE Group from $192.00 to $174.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Raymond James Financial set a $180.00 price target on shares of CBRE Group and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $179.86.
Check Out Our Latest Analysis on CBRE
CBRE Group Company Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
See Also
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