CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,412 shares of the financial services provider's stock after selling 14,199 shares during the quarter. Montag A & Associates Inc.'s holdings in CBRE Group were worth $6,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CBRE. Exchange Traded Concepts LLC grew its position in CBRE Group by 680.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider's stock worth $78,000 after purchasing an additional 544 shares during the period. Creative Planning lifted its holdings in CBRE Group by 5.9% in the third quarter. Creative Planning now owns 37,804 shares of the financial services provider's stock valued at $4,706,000 after acquiring an additional 2,092 shares during the period. Bleakley Financial Group LLC boosted its position in CBRE Group by 6.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,845 shares of the financial services provider's stock worth $603,000 after purchasing an additional 314 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of CBRE Group by 0.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,068 shares of the financial services provider's stock worth $4,116,000 after purchasing an additional 206 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of CBRE Group during the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CBRE. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Morgan Stanley increased their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Price Performance

Shares of CBRE traded down $0.18 during trading hours on Wednesday, hitting $143.62. 1,470,366 shares of the stock were exchanged, compared to its average volume of 1,858,721. The stock's 50-day moving average price is $136.37 and its two-hundred day moving average price is $128.26. 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 quick ratio of 1.13 and a current ratio of 1.07. The company has a market cap of $43.95 billion, a price-to-earnings ratio of 45.74 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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 net margin of 2.71% and a return on equity of 16.96%. Research analysts expect that CBRE Group, Inc. will post 6 earnings per share for the current year.

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.