Robertson Stephens Wealth Management LLC Sells 9,431 Shares of CBRE Group, Inc. (NYSE:CBRE)

Robertson Stephens Wealth Management LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 74.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,267 shares of the financial services provider’s stock after selling 9,431 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in CBRE Group were worth $429,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup boosted their target price 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. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

CBRE Group stock opened at $142.84 on Friday. The business has a 50 day simple moving average of $135.51 and a 200-day simple moving average of $125.98. The stock has a market capitalization of $43.71 billion, a PE ratio of 45.93 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. CBRE Group, Inc. has a 12 month low of $83.42 and a 12 month 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.