Trust Point Inc. Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Trust Point Inc. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 41.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,189 shares of the financial services provider’s stock after purchasing an additional 1,218 shares during the period. Trust Point Inc.’s holdings in CBRE Group were worth $550,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the third quarter valued at approximately $32,000. Wolff Wiese Magana LLC increased its stake in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Asset Dedication LLC acquired a new stake in CBRE Group during the third quarter worth approximately $40,000. Finally, CENTRAL TRUST Co lifted its position in shares of CBRE Group by 165.9% during 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 during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’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 value of $238,382.10. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $143.93 on Wednesday. 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 market cap of $44.05 billion, a price-to-earnings ratio of 46.28 and a beta of 1.39. The firm’s fifty day moving average price is $135.23 and its 200 day moving average price is $125.37. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $147.10.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CBRE. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three 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. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

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.