Wilmington Savings Fund Society FSB Trims Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Wilmington Savings Fund Society FSB lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 23.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,316 shares of the financial services provider’s stock after selling 4,399 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CBRE Group were worth $1,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Realta Investment Advisors purchased a new stake in CBRE Group in the 4th quarter worth $569,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in CBRE Group by 2.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,935 shares of the financial services provider’s stock valued at $4,455,000 after purchasing an additional 867 shares during the period. Bleakley Financial Group LLC boosted its stake in CBRE Group by 5.2% in the 4th quarter. Bleakley Financial Group LLC now owns 5,096 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 251 shares during the period. Choreo LLC grew its holdings in CBRE Group by 57.1% during the 4th quarter. Choreo LLC now owns 9,302 shares of the financial services provider’s stock valued at $1,212,000 after buying an additional 3,380 shares in the last quarter. Finally, Tectonic Advisors LLC raised its position in shares of CBRE Group by 211.3% during the fourth quarter. Tectonic Advisors LLC now owns 15,044 shares of the financial services provider’s stock valued at $1,975,000 after buying an additional 10,211 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.2 %

Shares of CBRE opened at $142.84 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $135.56 and a 200 day moving average of $126.48. The company has a market cap of $43.71 billion, a PE ratio of 45.93 and a beta of 1.39. CBRE Group, Inc. has a 52-week low of $83.42 and a 52-week high of $147.75.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of a number of research reports. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Three 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

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.