Realta Investment Advisors Acquires New Stake in CBRE Group, Inc. (NYSE:CBRE)

Realta Investment Advisors bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,324 shares of the financial services provider’s stock, valued at approximately $569,000.

A number of other large investors have also modified their holdings of CBRE. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC boosted its holdings in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Asset Dedication LLC purchased a new stake in shares of CBRE Group in the third quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co increased its holdings in shares of CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated 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 owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

CBRE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Citigroup raised their price target on shares of 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Stock Performance

Shares of CBRE stock opened at $144.64 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $44.26 billion, a P/E ratio of 46.51 and a beta of 1.39. The firm’s 50 day moving average price is $135.51 and its 200-day moving average price is $125.98. CBRE Group, Inc. has a one year low of $83.31 and a one year high of $147.75.

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.