HTG Investment Advisors Inc. Sells 6,803 Shares of CBRE Group, Inc. (NYSE:CBRE)

HTG Investment Advisors Inc. lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,367 shares of the financial services provider’s stock after selling 6,803 shares during the quarter. CBRE Group comprises approximately 8.3% of HTG Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. HTG Investment Advisors Inc.’s holdings in CBRE Group were worth $18,166,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. E. Ohman J or Asset Management AB increased its holdings in CBRE Group by 10.6% during the 4th quarter. E. Ohman J or Asset Management AB now owns 13,600 shares of the financial services provider’s stock worth $1,786,000 after purchasing an additional 1,300 shares in the last quarter. Mather Group LLC. grew its holdings in CBRE Group by 9.1% during the fourth quarter. Mather Group LLC. now owns 1,879 shares of the financial services provider’s stock worth $247,000 after buying an additional 157 shares in the last quarter. Trust Point Inc. raised its position in CBRE Group by 41.0% in the 4th quarter. Trust Point Inc. now owns 4,189 shares of the financial services provider’s stock valued at $550,000 after buying an additional 1,218 shares during the last quarter. Jennison Associates LLC raised its position in CBRE Group by 88.6% in the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after buying an additional 336,359 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction on Friday, November 15th. The stock was 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 approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CBRE shares. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group upgraded shares of 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 research note on Thursday, January 2nd. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Finally, Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

CBRE Group Stock Up 1.0 %

CBRE opened at $143.93 on Wednesday. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $147.10. The company has a market cap of $44.05 billion, a PE ratio of 46.28 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $135.23 and a 200 day moving average of $125.37.

CBRE Group Company 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.