Burney Co. Has $1.99 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Burney Co. raised its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 398.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,147 shares of the financial services provider's stock after buying an additional 12,107 shares during the quarter. Burney Co.'s holdings in CBRE Group were worth $1,989,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its stake in shares of CBRE Group by 43.0% in the 4th quarter. Park Avenue Securities LLC now owns 35,160 shares of the financial services provider's stock valued at $4,616,000 after purchasing an additional 10,573 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in CBRE Group by 18.1% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider's stock valued at $440,000 after buying an additional 513 shares in the last quarter. Greenfield Savings Bank boosted its stake in CBRE Group by 5.2% in the fourth quarter. Greenfield Savings Bank now owns 5,138 shares of the financial services provider's stock valued at $675,000 after buying an additional 252 shares in the last quarter. Wedmont Private Capital grew its position in CBRE Group by 5.8% in the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after acquiring an additional 206 shares during the last quarter. Finally, Czech National Bank raised its stake in CBRE Group by 6.3% during the fourth quarter. Czech National Bank now owns 65,219 shares of the financial services provider's stock worth $8,563,000 after acquiring an additional 3,860 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CBRE has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Morgan Stanley raised CBRE Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $115.00 to $160.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.44.

CBRE Group Trading Up 2.7 %

CBRE traded up $3.54 during midday trading on Thursday, hitting $134.84. 1,660,703 shares of the company were exchanged, compared to its average volume of 1,722,190. The firm has a market capitalization of $41.26 billion, a P/E ratio of 43.36 and a beta of 1.39. The firm's 50 day moving average price is $133.36 and its 200-day moving average price is $120.63. The company has a quick ratio of 1.13, a current 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.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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 company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated 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 transaction, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

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.