Tectonic Advisors LLC Boosts Position in CBRE Group, Inc. (NYSE:CBRE)

Tectonic Advisors LLC raised its position in CBRE Group, Inc. (NYSE:CBRE) by 211.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,044 shares of the financial services provider’s stock after buying an additional 10,211 shares during the quarter. Tectonic Advisors LLC’s holdings in CBRE Group were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in shares of CBRE Group during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the third quarter valued at $32,000. Wolff Wiese Magana LLC lifted its position in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of CBRE Group in the third quarter valued at $40,000. Finally, CENTRAL TRUST Co lifted its position 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 acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBRE. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group raised 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. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.56.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

CBRE Group Trading Up 1.0 %

NYSE:CBRE opened at $143.93 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $147.10. The business has a 50 day simple moving average of $135.30 and a 200 day simple moving average of $125.70. The firm has a market capitalization of $44.05 billion, a P/E ratio of 46.28 and a beta of 1.39.

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.