Yousif Capital Management LLC Purchases 2,131 Shares of CBRE Group, Inc. (NYSE:CBRE)

Yousif Capital Management LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 44,755 shares of the financial services provider’s stock after buying an additional 2,131 shares during the period. Yousif Capital Management LLC’s holdings in CBRE Group were worth $5,876,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC raised its holdings in CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth approximately $175,978,000. Robeco Institutional Asset Management B.V. raised its stake in shares of CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after buying an additional 993,963 shares during the last quarter. State Street Corp lifted its holdings in CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after buying an additional 692,697 shares during the period. Finally, Jennison Associates LLC boosted its stake in CBRE Group by 88.6% in the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after acquiring an additional 336,359 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 1.7 %

CBRE Group stock opened at $144.64 on Friday. The company has a 50 day moving average of $135.43 and a 200-day moving average of $125.85. 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, Inc. has a twelve month low of $83.31 and a twelve month high of $147.75. The stock has a market capitalization of $44.26 billion, a PE ratio of 46.51 and a beta of 1.39.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent research reports. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods increased 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. Finally, The Goldman Sachs Group assumed coverage on shares of 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.56.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

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.