11,563 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,563 shares of the financial services provider’s stock, valued at approximately $1,518,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Hawaiian Bank grew its holdings in shares of CBRE Group by 6.3% during the fourth quarter. First Hawaiian Bank now owns 26,487 shares of the financial services provider’s stock worth $3,477,000 after buying an additional 1,577 shares in the last quarter. Fulton Bank N.A. boosted its position in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after acquiring an additional 19,227 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of CBRE Group by 8.1% during the 4th quarter. CWA Asset Management Group LLC now owns 8,399 shares of the financial services provider’s stock worth $1,103,000 after acquiring an additional 627 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of CBRE Group by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 396,850 shares of the financial services provider’s stock valued at $52,094,000 after purchasing an additional 3,632 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $129.78 on Friday. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The stock has a 50 day moving average of $133.80 and a 200-day moving average of $119.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $39.72 billion, a P/E ratio of 41.73 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 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion during 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 revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, equities research analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CBRE. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Evercore ISI lifted their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Keefe, Bruyette & Woods raised their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $138.33.

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.