CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,870 shares of the financial services provider’s stock after selling 246 shares during the period. Apollon Wealth Management LLC’s holdings in CBRE Group were worth $771,000 as of its most recent SEC filing.

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

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $140.73 on Thursday. The stock has a market capitalization of $43.07 billion, a price-to-earnings ratio of 45.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $135.77 and a 200 day moving average of $127.15. CBRE Group, Inc. has a 12 month low of $84.21 and a 12 month high of $147.75.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction 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 trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several analyst reports. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.56.

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.