Venturi Wealth Management LLC Acquires 2,587 Shares of CBRE Group, Inc. (NYSE:CBRE)

Venturi Wealth Management LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1,249.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,794 shares of the financial services provider’s stock after purchasing an additional 2,587 shares during the period. Venturi Wealth Management LLC’s holdings in CBRE Group were worth $367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning grew its stake in shares of CBRE Group by 5.9% during the third quarter. Creative Planning now owns 37,804 shares of the financial services provider’s stock valued at $4,706,000 after buying an additional 2,092 shares during the last quarter. OLD National Bancorp IN purchased a new stake in CBRE Group during the 3rd quarter valued at about $230,000. Signaturefd LLC grew its position in CBRE Group by 5.2% during the 3rd quarter. Signaturefd LLC now owns 4,975 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 246 shares during the last quarter. Waldron Private Wealth LLC bought a new position in CBRE Group during the 3rd quarter worth approximately $203,000. Finally, Private Advisor Group LLC increased its stake in CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $141.81 on Friday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market capitalization of $42.55 billion, a P/E ratio of 45.16 and a beta of 1.39. The company’s 50-day moving average is $136.49 and its 200 day moving average is $128.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBRE. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley increased their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.