Avior Wealth Management LLC Has $663,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Avior Wealth Management LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,047 shares of the financial services provider’s stock after selling 3,302 shares during the period. Avior Wealth Management LLC’s holdings in CBRE Group were worth $663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Teamwork Financial Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at about $1,874,000. D.B. Root & Company LLC acquired a new stake in CBRE Group in the fourth quarter valued at approximately $559,000. Janney Montgomery Scott LLC grew its position in CBRE Group by 37.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,289 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 1,429 shares in the last quarter. Eads & Heald Wealth Management grew its position in CBRE Group by 4.2% in the fourth quarter. Eads & Heald Wealth Management now owns 9,224 shares of the financial services provider’s stock worth $1,211,000 after acquiring an additional 371 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of CBRE Group by 1.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 75,243 shares of the financial services provider’s stock worth $9,879,000 after purchasing an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CBRE shares. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Three equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $141.23 on Friday. The firm has a fifty day moving average price of $134.08 and a two-hundred day moving average price of $122.90. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. 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 $43.22 billion, a PE ratio of 45.41 and a beta of 1.39.

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

About CBRE Group

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.