Brighton Jones LLC Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Brighton Jones LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 322.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,492 shares of the financial services provider’s stock after purchasing an additional 11,065 shares during the quarter. Brighton Jones LLC’s holdings in CBRE Group were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Century Financial Group LLC acquired a new position in shares of CBRE Group during the 4th quarter worth $369,000. Yeomans Consulting Group Inc. acquired a new position in CBRE Group during the fourth quarter worth about $333,000. Teamwork Financial Advisors LLC purchased a new position in CBRE Group in the fourth quarter valued at about $1,874,000. D.B. Root & Company LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at approximately $559,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of CBRE Group by 37.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,289 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 1,429 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of several research analyst reports. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Raymond James cut 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. Finally, Jefferies Financial Group raised shares of 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $148.56.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE opened at $141.23 on Friday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The company’s 50 day simple moving average is $133.86 and its 200 day simple moving average is $122.53. The company has a market capitalization of $43.22 billion, a price-to-earnings ratio of 45.41 and a beta of 1.39. 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 issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion for 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%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current year.

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.