CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,278 shares of the financial services provider's stock after acquiring an additional 3,715 shares during the period. Corient Private Wealth LLC owned 0.05% of CBRE Group worth $20,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CBRE. Meridian Wealth Management LLC grew its holdings in CBRE Group by 1.4% during the 4th 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 in the last quarter. Gilbert & Cook Inc. boosted its stake in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 75 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 100 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in 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. Finally, Howard Capital Management Inc. raised its stake in CBRE Group by 4.7% in the fourth quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider's stock worth $315,000 after buying an additional 108 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were 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 directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on CBRE. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their target price 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 research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.38 during midday trading on Friday, reaching $129.76. The company had a trading volume of 3,452,450 shares, compared to its average volume of 1,669,704. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business's 50-day simple moving average is $137.34 and its 200 day simple moving average is $131.53. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $38.93 billion, a P/E ratio of 41.32 and a beta of 1.42.

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 (EPS) 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 forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.