Avantax Advisory Services Inc. Buys 4,872 Shares of CBRE Group, Inc. (NYSE:CBRE)

Avantax Advisory Services Inc. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 49.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,691 shares of the financial services provider's stock after purchasing an additional 4,872 shares during the quarter. Avantax Advisory Services Inc.'s holdings in CBRE Group were worth $1,929,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CBRE. Meridian Wealth Management LLC increased its position in CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after acquiring an additional 71 shares during the period. Gilbert & Cook Inc. increased its holdings 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 valued at $715,000 after buying an additional 75 shares during the period. IFP Advisors Inc increased its holdings in CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after buying an additional 100 shares during the period. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 2.6% in the 4th 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. Finally, Howard Capital Management Inc. increased its holdings in CBRE Group by 4.7% in the 4th quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider's stock valued at $315,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

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Insider Buying and Selling

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

CBRE Group Price Performance

NYSE CBRE traded down $0.38 on Friday, reaching $129.76. 3,411,570 shares of the company's stock traded hands, compared to its average volume of 1,947,559. The stock has a market cap of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a 50-day simple moving average of $137.22 and a 200 day simple moving average of $131.43.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI dropped their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a 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 company. According to MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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.