CBRE Group, Inc. (NYSE:CBRE) Position Trimmed by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 15,101 shares of the financial services provider’s stock after selling 179 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in CBRE Group were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in shares of CBRE Group during the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the third quarter worth about $32,000. Wolff Wiese Magana LLC lifted its holdings in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the period. Asset Dedication LLC acquired a new stake in CBRE Group in the third quarter worth about $40,000. Finally, CENTRAL TRUST Co lifted its holdings in CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 302 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred 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 transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $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 can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CBRE has been the subject of a number of research analyst reports. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Evercore ISI cut their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Trading Up 0.8 %

NYSE:CBRE opened at $143.86 on Tuesday. The stock’s 50 day moving average price is $135.56 and its 200 day moving average price is $126.67. CBRE Group, Inc. has a 52 week low of $84.21 and a 52 week high of $147.75. The company has a market capitalization of $44.02 billion, a P/E ratio of 46.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

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.