Community Bank & Trust Waco Texas Reduces Holdings in CBRE Group, Inc. (NYSE:CBRE)

Community Bank & Trust Waco Texas reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,101 shares of the financial services provider’s stock after selling 179 shares during the period. Community Bank & Trust Waco Texas’ holdings in CBRE Group were worth $1,983,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Algert Global LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in CBRE Group during the 4th quarter valued at about $1,518,000. Merit Financial Group LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth about $256,000. Fulton Bank N.A. grew its holdings in shares of CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after buying an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of CBRE Group by 17,304.5% during the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after buying an additional 3,807 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CBRE. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, 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. Three equities research 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 company. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average target price of $148.56.

CBRE Group Trading Up 0.8 %

Shares of CBRE stock opened at $143.86 on Tuesday. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 46.26 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $147.75. The firm’s 50 day moving average price is $135.56 and its two-hundred day moving average price is $126.67.

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 transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

About CBRE Group

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.