Eukles Asset Management Lowers Holdings in CBRE Group, Inc. (NYSE:CBRE)

Eukles Asset Management lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,645 shares of the financial services provider’s stock after selling 2,044 shares during the period. CBRE Group comprises approximately 2.0% of Eukles Asset Management’s portfolio, making the stock its 12th biggest holding. Eukles Asset Management’s holdings in CBRE Group were worth $4,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Geode Capital Management LLC boosted its stake in CBRE Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock valued at $950,270,000 after buying an additional 56,888 shares during the last quarter. FMR LLC grew its holdings in CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares in the last quarter. Principal Financial Group Inc. increased its stake in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after acquiring an additional 277,922 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of CBRE Group by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock worth $763,909,000 after acquiring an additional 49,732 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CBRE. Keefe, Bruyette & Woods boosted 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. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Evercore ISI reduced their target price 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

CBRE Group Price Performance

Shares of CBRE stock opened at $142.84 on Monday. CBRE Group, Inc. has a twelve month low of $83.42 and a twelve month high of $147.75. 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 stock has a fifty day simple moving average of $135.56 and a two-hundred day simple moving average of $126.48. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 45.93 and a beta of 1.39.

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.