Equitable Trust Co. Has $4.93 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Equitable Trust Co. lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,514 shares of the financial services provider’s stock after selling 632 shares during the period. Equitable Trust Co.’s holdings in CBRE Group were worth $4,925,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC grew its position in shares of CBRE Group by 19.0% during the 4th quarter. Savant Capital LLC now owns 6,875 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 1,098 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of CBRE Group by 119.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,428 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 2,959 shares in the last quarter. AlphaStar Capital Management LLC grew its position in shares of CBRE Group by 104.4% during the 4th quarter. AlphaStar Capital Management LLC now owns 18,648 shares of the financial services provider’s stock worth $2,448,000 after purchasing an additional 9,526 shares in the last quarter. WCM Investment Management LLC grew its position in shares of CBRE Group by 20.5% during the 4th quarter. WCM Investment Management LLC now owns 2,150 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 366 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of CBRE Group by 236.3% during the 4th quarter. Empowered Funds LLC now owns 16,056 shares of the financial services provider’s stock worth $2,108,000 after purchasing an additional 11,282 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several analyst reports. Morgan Stanley upgraded shares of 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, January 15th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.56.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $142.84 on Monday. The company has a fifty day moving average price of $135.56 and a 200-day moving average price of $126.48. The company has a market capitalization of $43.71 billion, a P/E ratio of 45.93 and a beta of 1.39. CBRE Group, Inc. has a 52-week low of $83.42 and a 52-week high of $147.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

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.