Teamwork Financial Advisors LLC Acquires Shares of 14,271 CBRE Group, Inc. (NYSE:CBRE)

Teamwork Financial Advisors LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 14,271 shares of the financial services provider’s stock, valued at approximately $1,874,000.

Other hedge funds have also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $27,000. American National Bank & Trust acquired a new position in shares of CBRE Group in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC lifted its stake in shares of 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 valued at $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $40,000. 98.41% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated 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 owns 70,154 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $139.50 on Thursday. The stock has a market capitalization of $42.69 billion, a price-to-earnings ratio of 44.86 and a beta of 1.39. The business has a 50-day moving average of $133.68 and a 200-day moving average of $122.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. As a group, sell-side analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CBRE shares. The Goldman Sachs Group began coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Evercore ISI dropped their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.44.

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.