CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 46.5% in the 4th quarter, HoldingsChannel reports. The fund owned 3,214 shares of the financial services provider’s stock after acquiring an additional 1,020 shares during the period. Summit Trail Advisors LLC’s holdings in CBRE Group were worth $422,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FMR LLC raised its position in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in CBRE Group in the fourth quarter valued at approximately $175,978,000. Robeco Institutional Asset Management B.V. raised its holdings in CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after purchasing an additional 993,963 shares in the last quarter. State Street Corp lifted its position in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after buying an additional 692,697 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of CBRE Group by 88.6% in the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after buying an additional 336,359 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CBRE has been the topic of several research analyst reports. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company 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 stock in a transaction dated 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 directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

CBRE Group Trading Down 0.7 %

NYSE:CBRE opened at $140.73 on Thursday. CBRE Group, Inc. has a 12-month low of $84.21 and a 12-month high of $147.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $135.77 and its 200-day simple moving average is $127.15. The firm has a market cap of $43.07 billion, a P/E ratio of 45.25 and a beta of 1.39.

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.