Avior Wealth Management LLC Has $663,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

Avior Wealth Management LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 39.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,047 shares of the financial services provider’s stock after selling 3,302 shares during the quarter. Avior Wealth Management LLC’s holdings in CBRE Group were worth $663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its holdings in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares during the period. Public Sector Pension Investment Board increased its position in shares of CBRE Group by 19.2% during the second quarter. Public Sector Pension Investment Board now owns 41,709 shares of the financial services provider’s stock worth $3,717,000 after acquiring an additional 6,718 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of CBRE Group by 127.8% during the second quarter. AQR Capital Management LLC now owns 213,148 shares of the financial services provider’s stock worth $18,994,000 after acquiring an additional 119,563 shares during the period. APG Asset Management N.V. lifted its position in CBRE Group by 234.7% in the 2nd quarter. APG Asset Management N.V. now owns 38,078 shares of the financial services provider’s stock valued at $3,166,000 after acquiring an additional 26,700 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in CBRE Group by 6.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock worth $28,810,000 after purchasing an additional 20,717 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

Shares of CBRE opened at $141.23 on Friday. 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’s fifty day simple moving average is $134.08 and its 200 day simple moving average is $122.90. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The company has a market cap of $43.22 billion, a price-to-earnings ratio of 45.41 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 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the business earned $0.72 EPS. CBRE Group’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CBRE. 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. Evercore ISI dropped their target price 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. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $148.56.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

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.