Signal Advisors Wealth LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 5,193 shares of the financial services provider’s stock, valued at approximately $703,000.
A number of other hedge funds have also recently added to or reduced their stakes in CBRE. Swiss RE Ltd. acquired a new position in CBRE Group during the 4th quarter worth approximately $25,000. Navalign LLC purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Ameriflex Group Inc. purchased a new position in shares of CBRE Group during the 3rd quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CBRE Group in the 4th quarter valued at approximately $42,000. Finally, MV Capital Management Inc. acquired a new stake in shares of CBRE Group in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 98.41% of the company’s stock.
CBRE Group Stock Up 0.5%
CBRE Group stock opened at $133.92 on Thursday. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 30.51 and a beta of 1.21. The stock’s fifty day moving average is $137.25 and its two-hundred day moving average is $147.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.
Insiders Place Their Bets
In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Evercore reaffirmed an “outperform” rating and issued a $179.00 target price on shares of CBRE Group in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $180.29.
Read Our Latest Analysis on CBRE Group
CBRE Group Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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