Teamwork Financial Advisors LLC Invests $1.87 Million in CBRE Group, Inc. (NYSE:CBRE)

Teamwork Financial Advisors LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,271 shares of the financial services provider’s stock, valued at approximately $1,874,000.

Several other large investors also recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth about $27,000. American National Bank & Trust acquired a new position in shares of CBRE Group during the 3rd quarter worth about $28,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth about $32,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several research analyst reports. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Citigroup upped 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. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.44.

Insider Buying and Selling

In related 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 transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

CBRE Group Trading Down 1.0 %

Shares of CBRE opened at $139.50 on Thursday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $133.68 and a 200-day simple moving average of $122.40. The stock has a market cap of $42.69 billion, a PE ratio of 44.86 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

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.