First Affirmative Financial Network Sells 86 Shares of CBRE Group, Inc. (NYSE:CBRE)

First Affirmative Financial Network reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,774 shares of the financial services provider’s stock after selling 86 shares during the quarter. First Affirmative Financial Network’s holdings in CBRE Group were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CBRE. FMR LLC grew its position in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. increased its position in shares of CBRE Group by 60.2% during the 3rd 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 holdings in 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 valued at $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in CBRE Group by 908.7% in the third quarter. SG Americas Securities LLC now owns 350,935 shares of the financial services provider’s stock valued at $43,684,000 after buying an additional 316,144 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three research 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, CBRE Group has an average rating of “Moderate Buy” and an average price target of $148.56.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 owns 70,154 shares in the company, valued at approximately $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 can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

CBRE Group stock opened at $144.75 on Friday. The company has a market cap of $44.30 billion, a PE ratio of 46.54 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $146.83. The company’s 50-day moving average is $134.70 and its two-hundred day moving average is $124.19.

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.