Intrust Bank NA Has $1.71 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Intrust Bank NA grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,010 shares of the financial services provider’s stock after buying an additional 1,060 shares during the quarter. Intrust Bank NA’s holdings in CBRE Group were worth $1,708,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in CBRE Group in the 4th quarter valued at $25,000. Denver PWM LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at $29,000. Larson Financial Group LLC lifted its stake in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in CBRE Group in the fourth quarter worth about $58,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 1.6 %

CBRE opened at $129.40 on Friday. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a market cap of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm’s fifty day moving average is $137.54 and its two-hundred day moving average is $132.15.

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%. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CBRE. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley boosted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Evercore ISI cut their price target 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Insider Activity

In other news, insider Chad J. Doellinger sold 797 shares of the 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. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

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.