Thrivent Financial for Lutherans Has $82.80 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Thrivent Financial for Lutherans cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 630,604 shares of the financial services provider’s stock after selling 34,415 shares during the period. Thrivent Financial for Lutherans’ holdings in CBRE Group were worth $82,800,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the fourth quarter worth $25,000. Canton Hathaway LLC acquired a new stake in CBRE Group in the third quarter valued at $27,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter valued at $29,000. Larson Financial Group LLC increased its holdings in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC increased its holdings in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBRE. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods increased 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. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Performance

Shares of CBRE opened at $126.28 on Wednesday. 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 stock has a market capitalization of $37.89 billion, a P/E ratio of 40.22 and a beta of 1.42. The firm’s fifty day simple moving average is $137.24 and its two-hundred day simple moving average is $131.46. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

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

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.