Cibc World Markets Corp Grows Holdings in CBRE Group, Inc. (NYSE:CBRE)

Cibc World Markets Corp boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,199 shares of the financial services provider’s stock after acquiring an additional 14,342 shares during the period. Cibc World Markets Corp’s holdings in CBRE Group were worth $17,750,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Meridian Wealth Management LLC lifted its holdings in shares of CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 71 shares during the last quarter. Gilbert & Cook Inc. increased its position in CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after buying an additional 75 shares in the last quarter. IFP Advisors Inc raised its stake in CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock valued at $158,000 after buying an additional 100 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 104 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in shares of CBRE Group by 4.7% in the fourth quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

CBRE Group Trading Up 2.6 %

NYSE:CBRE opened at $128.81 on Tuesday. The company has a market cap of $38.65 billion, a PE ratio of 41.02 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $137.28 and a two-hundred day simple moving average of $131.38. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 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%. Research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Morgan Stanley boosted their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.