Corient Private Wealth LLC Raises Position in CBRE Group, Inc. (NYSE:CBRE)

Corient Private Wealth LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,278 shares of the financial services provider’s stock after buying an additional 3,715 shares during the period. Corient Private Wealth LLC owned 0.05% of CBRE Group worth $20,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Principal Financial Group Inc. raised its position in shares of CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after buying an additional 277,922 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in CBRE Group by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,521 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 181 shares in the last quarter. Empowered Funds LLC raised its position in CBRE Group by 10.3% during the third quarter. Empowered Funds LLC now owns 4,774 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 446 shares in the last quarter. Mutual of America Capital Management LLC raised its position in CBRE Group by 19.4% during the third quarter. Mutual of America Capital Management LLC now owns 45,431 shares of the financial services provider’s stock valued at $5,655,000 after purchasing an additional 7,394 shares in the last quarter. Finally, Swiss National Bank raised its position in CBRE Group by 0.6% during the third quarter. Swiss National Bank now owns 910,700 shares of the financial services provider’s stock valued at $113,364,000 after purchasing an additional 5,600 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 1.9 %

NYSE CBRE opened at $126.28 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a market capitalization of $37.89 billion, a PE ratio of 40.22 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business’s 50-day moving average is $137.24 and its 200 day moving average is $131.46.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) 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%. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CBRE. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Three research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.