Realta Investment Advisors Purchases Shares of 4,324 CBRE Group, Inc. (NYSE:CBRE)

Realta Investment Advisors acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,324 shares of the financial services provider’s stock, valued at approximately $569,000.

A number of other large investors have also recently made changes to their positions in CBRE. Cetera Investment Advisers grew its holdings in CBRE Group by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,109 shares of the financial services provider’s stock worth $2,505,000 after acquiring an additional 162 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of CBRE Group by 6.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 15,726 shares of the financial services provider’s stock worth $1,958,000 after purchasing an additional 917 shares during the last quarter. Czech National Bank grew its stake in shares of CBRE Group by 6.8% during the third quarter. Czech National Bank now owns 61,359 shares of the financial services provider’s stock worth $7,638,000 after purchasing an additional 3,886 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in CBRE Group by 34.0% in the third quarter. Atomi Financial Group Inc. now owns 3,230 shares of the financial services provider’s stock valued at $402,000 after buying an additional 819 shares during the last quarter. Finally, Marcum Wealth LLC acquired a new stake in CBRE Group in the third quarter valued at $257,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.7 %

Shares of NYSE:CBRE opened at $144.64 on Friday. CBRE Group, Inc. has a 1-year low of $83.31 and a 1-year high of $147.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $44.26 billion, a P/E ratio of 46.51 and a beta of 1.39. The firm has a fifty day moving average price of $135.51 and a 200 day moving average price of $125.98.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBRE shares. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.56.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s 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 completion of the sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Company 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.