Burney Co. Purchases 12,107 Shares of CBRE Group, Inc. (NYSE:CBRE)

Burney Co. boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 398.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,147 shares of the financial services provider’s stock after buying an additional 12,107 shares during the quarter. Burney Co.’s holdings in CBRE Group were worth $1,989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CBRE. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the 3rd quarter worth about $27,000. American National Bank & Trust bought a new stake in CBRE Group during the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. grew its holdings in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group during the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $131.55 on Thursday. The business has a 50-day simple moving average of $133.32 and a two-hundred day simple moving average of $120.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $40.26 billion, a price-to-earnings ratio of 42.30 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $160.00 in a research note on Wednesday. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI cut 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 report on Monday. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $145.44.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

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.