Corient Private Wealth LLC Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Corient Private Wealth LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 158,278 shares of the financial services provider’s stock after acquiring an additional 3,715 shares during the period. Corient Private Wealth LLC’s holdings in CBRE Group were worth $20,780,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CBRE. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Canton Hathaway LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $27,000. Denver PWM LLC purchased a new position in CBRE Group in the 4th quarter worth approximately $29,000. Larson Financial Group LLC raised its holdings in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James downgraded 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 research report on Friday, January 24th. Morgan Stanley lifted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Citigroup lifted 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. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Three 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Trading Down 1.9 %

Shares of CBRE stock opened at $126.28 on Wednesday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a fifty day moving average price of $137.24 and a 200-day moving average price of $131.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market cap of $37.89 billion, a price-to-earnings ratio of 40.22 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity

In related news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

About CBRE Group

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.