First Hawaiian Bank Purchases 1,577 Shares of CBRE Group, Inc. (NYSE:CBRE)

First Hawaiian Bank raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 26,487 shares of the financial services provider’s stock after acquiring an additional 1,577 shares during the period. First Hawaiian Bank’s holdings in CBRE Group were worth $3,477,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI raised their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.33.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE traded up $1.14 during mid-day trading on Wednesday, reaching $129.78. The company’s stock had a trading volume of 1,592,157 shares, compared to its average volume of 1,436,554. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The business has a 50-day simple moving average of $133.87 and a two-hundred day simple moving average of $119.22. The stock has a market cap 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 anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

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.