CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Lifted by Busey Bank

Busey Bank grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,502 shares of the financial services provider's stock after acquiring an additional 3,697 shares during the period. Busey Bank owned about 0.06% of CBRE Group worth $22,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth $27,000. American National Bank & Trust purchased a new stake in shares of CBRE Group in the 3rd quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the 3rd quarter valued at about $32,000. Wolff Wiese Magana LLC increased its holdings in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of CBRE Group in the third quarter valued at about $40,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of analyst reports. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley raised shares of CBRE Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Raymond James cut 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 note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.56.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $1.33 during midday trading on Monday, hitting $143.41. The company's stock had a trading volume of 1,004,195 shares, compared to its average volume of 1,830,610. The firm has a market cap of $43.89 billion, a P/E ratio of 46.15 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $147.10. The firm's fifty day moving average price is $135.15 and its 200-day moving average price is $125.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

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.