Pacer Advisors Inc. Has $3.30 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Pacer Advisors Inc. lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,128 shares of the financial services provider’s stock after purchasing an additional 2,798 shares during the period. Pacer Advisors Inc.’s holdings in CBRE Group were worth $3,299,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Creative Planning raised its stake in shares of CBRE Group by 3.8% in the 2nd quarter. Creative Planning now owns 35,712 shares of the financial services provider’s stock valued at $3,182,000 after acquiring an additional 1,295 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CBRE Group by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,704 shares of the financial services provider’s stock worth $1,488,000 after buying an additional 394 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of CBRE Group by 5.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,063 shares of the financial services provider’s stock worth $273,000 after buying an additional 152 shares during the period. Cetera Investment Advisers boosted its holdings in shares of CBRE Group by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,109 shares of the financial services provider’s stock worth $2,505,000 after buying an additional 162 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in CBRE Group in the 2nd quarter valued at $1,719,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective 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. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the company 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $148.56.

Insider Buying and Selling at CBRE Group

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

CBRE Group Price Performance

Shares of CBRE Group stock opened at $144.74 on Friday. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $147.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $44.29 billion, a P/E ratio of 46.54 and a beta of 1.39. The firm’s 50-day simple moving average is $134.96 and its 200-day simple moving average is $124.33.

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.