Fifth Third Wealth Advisors LLC Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Fifth Third Wealth Advisors LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 18.1% during the 4th quarter, HoldingsChannel reports. The firm owned 3,348 shares of the financial services provider’s stock after buying an additional 513 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CBRE Group were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CBRE. Greenfield Savings Bank lifted its holdings in shares of CBRE Group by 5.2% during the 4th quarter. Greenfield Savings Bank now owns 5,138 shares of the financial services provider’s stock valued at $675,000 after buying an additional 252 shares during the period. Wedmont Private Capital lifted its holdings in CBRE Group by 5.8% in the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 206 shares during the period. Czech National Bank lifted its holdings in CBRE Group by 6.3% in the fourth quarter. Czech National Bank now owns 65,219 shares of the financial services provider’s stock valued at $8,563,000 after acquiring an additional 3,860 shares during the period. Graypoint LLC boosted its position in CBRE Group by 11.2% in the fourth quarter. Graypoint LLC now owns 2,028 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 205 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of CBRE Group by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider’s stock valued at $2,181,000 after purchasing an additional 466 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $134.84 on Friday. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 43.36 and a beta of 1.39. The firm has a fifty day moving average price of $133.36 and a 200 day moving average price of $120.63. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. 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 (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, sell-side analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBRE. Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $115.00 to $160.00 in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.44.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This trade 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. 0.54% of the stock is currently owned by company insiders.

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.