WCM Investment Management LLC Has $280,000 Position in CBRE Group, Inc. (NYSE:CBRE)

WCM Investment Management LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,150 shares of the financial services provider’s stock after buying an additional 366 shares during the period. WCM Investment Management LLC’s holdings in CBRE Group were worth $280,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of CBRE Group by 236.3% in the fourth quarter. Empowered Funds LLC now owns 16,056 shares of the financial services provider’s stock valued at $2,108,000 after purchasing an additional 11,282 shares in the last quarter. Realta Investment Advisors purchased a new stake in CBRE Group in the 4th quarter valued at $569,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 acquiring an additional 867 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in CBRE Group by 5.2% during the 4th quarter. Bleakley Financial Group LLC now owns 5,096 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 251 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of CBRE Group by 57.1% in the 4th quarter. Choreo LLC now owns 9,302 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 3,380 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Citigroup upped 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. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Three research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.56.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $143.86 on Tuesday. The company has a market capitalization of $44.02 billion, a P/E ratio of 46.26 and a beta of 1.39. The business has a fifty day simple moving average of $135.56 and a two-hundred day simple moving average of $126.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $84.21 and a 1 year high of $147.75.

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.