HTG Investment Advisors Inc. Decreases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

HTG Investment Advisors Inc. lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 138,367 shares of the financial services provider’s stock after selling 6,803 shares during the quarter. CBRE Group comprises 8.3% of HTG Investment Advisors Inc.’s investment portfolio, making the stock its 2nd biggest position. HTG Investment Advisors Inc.’s holdings in CBRE Group were worth $18,166,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CBRE. FMR LLC grew its position in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of CBRE Group during the 4th quarter valued at $175,978,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares during the last quarter. State Street Corp raised its position in CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares during the period. Finally, Jennison Associates LLC lifted its stake in CBRE Group by 88.6% in the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock worth $94,015,000 after purchasing an additional 336,359 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CBRE. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James cut shares of 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 report on Friday, January 24th. Finally, Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.56.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $143.93 on Wednesday. The business has a 50 day moving average of $135.23 and a 200 day moving average of $125.37. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $147.10. The company has a market cap of $44.05 billion, a PE ratio of 46.28 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred 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 directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

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.