TCTC Holdings LLC Purchases Shares of 57,770 CBRE Group, Inc. (NYSE:CBRE)

TCTC Holdings LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 57,770 shares of the financial services provider's stock, valued at approximately $7,585,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Meridian Wealth Management LLC raised its stake in shares of CBRE Group by 1.4% in the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after acquiring an additional 71 shares during the period. Gilbert & Cook Inc. raised its position in CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after purchasing an additional 75 shares during the period. Signaturefd LLC raised its position in CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc lifted its stake in CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after purchasing an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its position in shares of CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

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CBRE Group Stock Down 0.3 %

Shares of NYSE CBRE traded down $0.38 during midday trading on Friday, reaching $129.76. 3,452,450 shares of the company's stock traded hands, compared to its average volume of 1,671,683. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 41.32 and a beta of 1.42. The stock's 50 day simple moving average is $137.22 and its 200-day simple moving average is $131.43. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CBRE. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price target on the stock. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average target price of $149.89.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.