Private Advisor Group LLC Sells 335 Shares of CBRE Group, Inc. (NYSE:CBRE)

Private Advisor Group LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,353 shares of the financial services provider’s stock after selling 335 shares during the quarter. Private Advisor Group LLC’s holdings in CBRE Group were worth $965,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in CBRE Group by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock worth $2,123,000 after purchasing an additional 334 shares during the period. Integrated Advisors Network LLC bought a new position in shares of CBRE Group during the 3rd quarter worth about $258,000. First Trust Direct Indexing L.P. lifted its holdings in shares of CBRE Group by 8.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,729 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 847 shares during the period. Stephens Inc. AR boosted its position in shares of CBRE Group by 3.1% during the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 80 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in CBRE Group by 18.1% in the third quarter. Farther Finance Advisors LLC now owns 1,771 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Up 1.5 %

Shares of NYSE CBRE opened at $141.89 on Friday. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $137.32 and a two-hundred day moving average of $129.76. The company has a market cap of $42.57 billion, a PE ratio of 45.19 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group initiated 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. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.