Eads & Heald Wealth Management Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

Eads & Heald Wealth Management increased its position in CBRE Group, Inc. (NYSE:CBRE) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,224 shares of the financial services provider’s stock after acquiring an additional 371 shares during the quarter. Eads & Heald Wealth Management’s holdings in CBRE Group were worth $1,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBRE. Canton Hathaway LLC purchased a new stake in CBRE Group during the 3rd quarter worth about $27,000. American National Bank & Trust bought a new stake in shares of CBRE Group during the third quarter valued at about $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group in the third quarter worth about $32,000. Wolff Wiese Magana LLC boosted its position in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the period. Finally, Asset Dedication LLC purchased a new position in CBRE Group during the third quarter valued at approximately $40,000. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’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 transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Evercore ISI cut their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.44.

CBRE Group Price Performance

CBRE opened at $140.89 on Wednesday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The stock has a 50-day moving average price of $133.46 and a 200-day moving average price of $121.91. The firm has a market cap of $43.12 billion, a PE ratio of 45.30 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

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