Telos Capital Management Inc. Sells 2,112 Shares of CBRE Group, Inc. (NYSE:CBRE)

Telos Capital Management Inc. lessened its position in CBRE Group, Inc. (NYSE:CBRE) by 3.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 53,323 shares of the financial services provider’s stock after selling 2,112 shares during the period. Telos Capital Management Inc.’s holdings in CBRE Group were worth $7,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CBRE. Canton Hathaway LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $32,000. Wolff Wiese Magana LLC lifted its holdings in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. Asset Dedication LLC bought a new stake in CBRE Group during the 3rd quarter valued at about $40,000. Finally, CENTRAL TRUST Co lifted its holdings in CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 1.7 %

NYSE:CBRE opened at $144.64 on Friday. CBRE Group, Inc. has a one year low of $83.31 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm 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 50-day simple moving average of $135.43 and a 200-day simple moving average of $125.85.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group 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 transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective 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. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Evercore ISI decreased their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Citigroup lifted their price objective 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.56.

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.