Sandy Spring Bank Has $199,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sandy Spring Bank raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1,637.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,512 shares of the financial services provider’s stock after purchasing an additional 1,425 shares during the quarter. Sandy Spring Bank’s holdings in CBRE Group were worth $199,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CBRE. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group in the 4th quarter valued at $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the 3rd quarter valued at $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at $29,000. Larson Financial Group LLC boosted its holdings in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE stock opened at $129.76 on Friday. The stock has a 50-day moving average price of $137.34 and a 200-day moving average price of $131.53. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a market cap of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBRE. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.