Yeomans Consulting Group Inc. Buys New Stake in CBRE Group, Inc. (NYSE:CBRE)

Yeomans Consulting Group Inc. purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, Holdings Channel reports. The fund purchased 2,533 shares of the financial services provider’s stock, valued at approximately $333,000.

Several other institutional investors and hedge funds also recently modified their holdings of CBRE. Canton Hathaway LLC acquired a new stake in CBRE Group in the third quarter worth about $27,000. American National Bank & Trust acquired a new stake in shares of CBRE Group in the 3rd quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group during the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of CBRE Group by 2,830.0% during the third 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 period. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the subject of a number of research reports. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.44.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The stock was 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 approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

CBRE Group Stock Performance

CBRE Group stock opened at $141.00 on Friday. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The firm’s 50 day simple moving average is $133.68 and its 200-day simple moving average is $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. The company has a market cap of $43.15 billion, a P/E ratio of 45.34 and a beta of 1.39.

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

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.