CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 92,637 shares of the financial services provider’s stock after acquiring an additional 244 shares during the quarter. Boston Common Asset Management LLC’s holdings in CBRE Group were worth $12,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Algert Global LLC purchased a new stake in shares of CBRE Group during the third quarter valued at $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in CBRE Group during the 4th quarter valued at about $1,518,000. Fulton Bank N.A. grew its stake in 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 purchasing an additional 19,227 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 3,807 shares during the period. Finally, Cornerstone Advisors LLC raised its stake in shares of CBRE Group by 29.9% in the third quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $0.76 during trading hours on Friday, reaching $135.51. The stock had a trading volume of 234,122 shares, compared to its average volume of 1,586,285. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $142.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $41.47 billion, a PE ratio of 43.53 and a beta of 1.39. The stock’s 50 day moving average is $133.36 and its 200 day moving average is $120.63.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. CBRE Group’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $160.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.44.

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.