CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in CBRE Group, Inc. (NYSE:CBRE) by 211.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,044 shares of the financial services provider’s stock after purchasing an additional 10,211 shares during the quarter. Tectonic Advisors LLC’s holdings in CBRE Group were worth $1,975,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Canton Hathaway LLC bought a new stake in CBRE Group during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the 3rd quarter valued at approximately $32,000. Wolff Wiese Magana LLC raised its holdings in shares of 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 worth $36,000 after buying an additional 283 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co raised its holdings in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after buying an additional 302 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 1.0 %

Shares of CBRE opened at $143.93 on Wednesday. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $147.10. The company has a market cap of $44.05 billion, a P/E ratio of 46.28 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. The firm has a 50 day simple moving average of $135.30 and a two-hundred day simple moving average of $125.70.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CBRE. Evercore ISI reduced 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. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group started 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. 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 stock. Based on data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s 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 transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

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.