Telos Capital Management Inc. Sells 2,112 Shares of CBRE Group, Inc. (NYSE:CBRE)

Telos Capital Management Inc. decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,323 shares of the financial services provider’s stock after selling 2,112 shares during the period. Telos Capital Management Inc.’s holdings in CBRE Group were worth $7,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC raised its position in CBRE Group by 5.2% in the fourth quarter. Bleakley Financial Group LLC now owns 5,096 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 251 shares during the period. Choreo LLC raised its position in CBRE Group by 57.1% in the fourth quarter. Choreo LLC now owns 9,302 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 3,380 shares during the period. Tectonic Advisors LLC raised its position in CBRE Group by 211.3% in the fourth quarter. Tectonic Advisors LLC now owns 15,044 shares of the financial services provider’s stock worth $1,975,000 after acquiring an additional 10,211 shares during the period. Lion Street Advisors LLC bought a new position in CBRE Group in the fourth quarter worth approximately $308,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in CBRE Group by 25.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,874 shares of the financial services provider’s stock worth $4,161,000 after acquiring an additional 6,539 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Citigroup increased their price objective 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. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

CBRE Group Stock Performance

CBRE opened at $144.64 on Friday. The stock has a market capitalization of $44.26 billion, a price-to-earnings ratio of 46.51 and a beta of 1.39. The company has a fifty day moving average of $135.43 and a 200 day moving average of $125.85. CBRE Group, Inc. has a fifty-two week low of $83.31 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

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.