Fifth Third Bancorp Has $7.84 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Fifth Third Bancorp decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,726 shares of the financial services provider’s stock after selling 10,490 shares during the quarter. Fifth Third Bancorp’s holdings in CBRE Group were worth $7,841,000 as of its most recent SEC filing.

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 about $27,000. American National Bank & Trust purchased a new position in CBRE Group during the third quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. increased its stake in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the 3rd quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its stake 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 buying an additional 283 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CBRE shares. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Evercore ISI cut 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. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a research note on Friday. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Stock Performance

Shares of CBRE opened at $141.23 on Monday. The company has a market capitalization of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. 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 one year low of $82.75 and a one year high of $142.00. The company’s fifty day moving average price is $134.08 and its 200 day moving average price is $123.14.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

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.