Premier Path Wealth Partners LLC Grows Holdings in CBRE Group, Inc. (NYSE:CBRE)

Premier Path Wealth Partners LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,786 shares of the financial services provider’s stock after acquiring an additional 169 shares during the period. Premier Path Wealth Partners LLC’s holdings in CBRE Group were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Lindbrook Capital LLC increased its holdings in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 79 shares in the last quarter. Stephens Inc. AR raised its holdings in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after buying an additional 82 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the last quarter. Finally, Community Bank & Trust Waco Texas increased its position in shares of CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 1.7 %

Shares of CBRE stock opened at $137.02 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $41.93 billion, a price-to-earnings ratio of 44.06 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The firm has a fifty day moving average price of $133.43 and a 200-day moving average price of $121.32.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CBRE. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $115.00 to $160.00 in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.44.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

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.