CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,594 shares of the financial services provider's stock after selling 2,666 shares during the quarter. Truist Financial Corp's holdings in CBRE Group were worth $17,146,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CBRE. Canton Hathaway LLC purchased a new position in shares of CBRE Group in the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group in the third quarter valued at $32,000. Catalyst Capital Advisors LLC boosted its stake in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 238 shares during the period. CENTRAL TRUST Co boosted its stake in shares of CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 302 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of CBRE Group by 3,969.2% in the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 516 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 target price for the company. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup upped their target price 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. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Three investment 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded down $5.95 on Friday, reaching $135.72. 1,481,086 shares of the company's stock were exchanged, compared to its average volume of 1,785,516. The firm has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The business's 50-day moving average is $136.50 and its two-hundred day moving average is $128.66. 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 (NYSE:CBRE - Get Free Report) last issued 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 net margin of 2.71% and a return on equity of 16.96%. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.