Truist Financial Corp Has $17.15 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Truist Financial Corp lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,594 shares of the financial services provider’s stock after selling 2,666 shares during the period. Truist Financial Corp’s holdings in CBRE Group were worth $17,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in CBRE Group during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group during the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC increased its holdings in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the period. CENTRAL TRUST Co increased its holdings 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 valued at $64,000 after purchasing an additional 302 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of CBRE Group by 3,969.2% in the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CBRE shares. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Evercore ISI lowered their price target 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Trading Down 0.1 %

Shares of NYSE CBRE opened at $143.62 on Thursday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a market cap of $43.95 billion, a price-to-earnings ratio of 45.74 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The business has a 50 day simple moving average of $136.37 and a 200 day simple moving average of $128.26.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, research analysts predict that CBRE Group, Inc. will post 6 earnings per share for the current fiscal year.

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.