R Squared Ltd Takes $95,000 Position in CBRE Group, Inc. (NYSE:CBRE)

R Squared Ltd purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 727 shares of the financial services provider’s stock, valued at approximately $95,000.

Other large investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the third quarter worth about $27,000. American National Bank & Trust purchased a new stake in shares of CBRE Group during the 3rd quarter valued at about $28,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC boosted its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new stake in CBRE Group in the third quarter valued at approximately $40,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Citigroup boosted 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. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Stock Performance

CBRE stock opened at $144.75 on Friday. The firm has a market cap of $44.30 billion, a P/E ratio of 46.54 and a beta of 1.39. The stock’s 50 day simple moving average is $134.70 and its 200 day simple moving average is $124.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $146.83.

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.