Patton Fund Management Inc. Purchases Shares of 53,451 CBRE Group, Inc. (NYSE:CBRE)

Patton Fund Management Inc. acquired a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,451 shares of the financial services provider’s stock, valued at approximately $7,018,000. CBRE Group comprises 1.4% of Patton Fund Management Inc.’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors also recently modified their holdings of the stock. Canton Hathaway LLC bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $27,000. American National Bank & Trust purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter worth $32,000. Wolff Wiese Magana LLC grew its stake in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at $40,000. Institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CBRE shares. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Three 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Stock Down 0.2 %

CBRE stock opened at $142.77 on Wednesday. The stock has a 50-day simple moving average of $134.50 and a two-hundred day simple moving average of $124.06. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $143.69. The firm has a market capitalization of $43.69 billion, a PE ratio of 45.91 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

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.