CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,767 shares of the financial services provider’s stock after acquiring an additional 181 shares during the period. Hunter Associates Investment Management LLC’s holdings in CBRE Group were worth $1,806,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its position in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 75 shares during the last quarter. Busey Bank boosted its stake in CBRE Group by 2.2% during the 4th quarter. Busey Bank now owns 173,502 shares of the financial services provider’s stock valued at $22,779,000 after purchasing an additional 3,697 shares during the period. Manning & Napier Advisors LLC bought a new position in CBRE Group in the 4th quarter worth about $175,978,000. Hantz Financial Services Inc. increased its stake in shares of CBRE Group by 2.6% in the fourth quarter. Hantz Financial Services Inc. now owns 8,287 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 211 shares during the period. Finally, Forsta AP Fonden raised its holdings in shares of CBRE Group by 2.1% during the fourth quarter. Forsta AP Fonden now owns 62,500 shares of the financial services provider’s stock valued at $8,206,000 after buying an additional 1,300 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $144.75 on Friday. The business’s 50-day simple moving average is $134.70 and its 200-day simple moving average is $124.19. 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, Inc. has a 52 week low of $82.75 and a 52 week high of $146.83. The firm has a market cap of $44.30 billion, a price-to-earnings ratio of 46.54 and a beta of 1.39.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the 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 sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. 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 target price for the company. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.56.

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.