Yorktown Management & Research Co Inc Lowers Position in CBRE Group, Inc. (NYSE:CBRE)

Yorktown Management & Research Co Inc cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,700 shares of the financial services provider’s stock after selling 800 shares during the period. Yorktown Management & Research Co Inc’s holdings in CBRE Group were worth $354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC raised its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Asset Dedication LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co raised its holdings in CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.0 %

Shares of NYSE CBRE opened at $143.93 on Wednesday. The firm’s 50-day moving average price is $135.23 and its 200-day moving average price is $125.37. 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 market capitalization of $44.05 billion, a price-to-earnings ratio of 46.28 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $147.10.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.