Orange Investment Advisors Inc. cut its position in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 11.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,136 shares of the financial services provider’s stock after selling 4,275 shares during the period. Orange Investment Advisors Inc.’s holdings in CBRE Group were worth $5,328,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. State Street Corp grew its position in shares of CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock valued at $2,180,594,000 after buying an additional 105,586 shares during the last quarter. Principal Financial Group Inc. raised its holdings in CBRE Group by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after buying an additional 99,532 shares during the last quarter. Invesco Ltd. lifted its stake in shares of CBRE Group by 16.1% in the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after buying an additional 862,656 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of CBRE Group by 8.8% during the third quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock valued at $633,705,000 after buying an additional 323,998 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its holdings in shares of CBRE Group by 1.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 3,015,798 shares of the financial services provider’s stock valued at $484,910,000 after buying an additional 39,173 shares during the last quarter. 98.41% of the stock is owned by institutional investors.
CBRE Group Price Performance
Shares of NYSE:CBRE opened at $130.86 on Friday. The company has a 50-day moving average price of $139.62 and a two-hundred day moving average price of $151.47. CBRE Group, Inc. has a twelve month low of $118.81 and a twelve month high of $174.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $38.32 billion, a PE ratio of 29.81 and a beta of 1.28.
Insiders Place Their Bets
In related news, insider Chad J. Doellinger sold 471 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,167 shares of company stock worth $1,757,783. 0.46% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Weiss Ratings upgraded CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays upped their target price on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $180.29.
Check Out Our Latest Report on CBRE Group
About CBRE Group
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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