Premier Path Wealth Partners LLC Increases Stake in CBRE Group, Inc. (NYSE:CBRE)

Premier Path Wealth Partners LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 6.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,786 shares of the financial services provider’s stock after buying an additional 169 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in CBRE Group were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Canton Hathaway LLC purchased a new stake in CBRE Group in the 3rd quarter worth $27,000. American National Bank & Trust bought a new stake in shares of CBRE Group in the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in CBRE Group during the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC grew 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. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBRE. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $160.00 in a research report on Wednesday. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.44.

Insider Activity

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 transaction of $238,382.10. Following the completion of the sale, the chief financial officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 1.7 %

Shares of NYSE CBRE opened at $137.02 on Friday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The firm has a 50-day simple moving average of $133.43 and a two-hundred day simple moving average of $121.32. The company has a market cap of $41.93 billion, a P/E ratio of 44.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Research analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

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.