CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 74.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,267 shares of the financial services provider’s stock after selling 9,431 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in CBRE Group were worth $429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Canton Hathaway LLC acquired a new position in CBRE Group during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group during the 3rd quarter valued at about $32,000. Wolff Wiese Magana LLC increased its holdings in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Asset Dedication LLC acquired a new stake in CBRE Group in the 3rd quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co lifted its position in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.2 %

CBRE stock opened at $142.84 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $43.71 billion, a P/E ratio of 45.93 and a beta of 1.39. The business has a 50-day moving average of $135.51 and a 200-day moving average of $125.98. CBRE Group, Inc. has a fifty-two week low of $83.42 and a fifty-two week high of $147.75.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI decreased their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Morgan Stanley upgraded 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 report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on 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 directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

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.