CBRE Group, Inc. (NYSE:CBRE) Position Lowered by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,754 shares of the financial services provider’s stock after selling 96 shares during the period. OLD National Bancorp IN’s holdings in CBRE Group were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Lindbrook Capital LLC grew its position in shares of CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after buying an additional 79 shares during the last quarter. Stephens Inc. AR boosted its stake in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 80 shares during the period. Fidelis Capital Partners LLC grew its holdings 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 valued at $492,000 after purchasing an additional 82 shares during the last quarter. Private Advisor Group LLC raised its position in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas lifted its holdings in shares of CBRE Group by 0.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Citigroup upped their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Three investment 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 stock. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $144.74 on Monday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $147.10. The firm has a market cap of $44.29 billion, a P/E ratio of 46.54 and a beta of 1.39. The stock has a fifty day moving average price of $135.15 and a two-hundred day moving average price of $124.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

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.