Park Avenue Securities LLC Acquires 10,573 Shares of CBRE Group, Inc. (NYSE:CBRE)

Park Avenue Securities LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,160 shares of the financial services provider's stock after acquiring an additional 10,573 shares during the period. Park Avenue Securities LLC's holdings in CBRE Group were worth $4,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Canton Hathaway LLC purchased a new position in CBRE Group in the 3rd quarter worth about $27,000. American National Bank & Trust bought a new stake in shares of CBRE Group in the third quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in CBRE Group during the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its position in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the period. Institutional investors own 98.41% of the company's stock.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CBRE. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.44.

CBRE Group Stock Performance

CBRE Group stock traded up $2.27 during midday trading on Friday, hitting $137.02. The stock had a trading volume of 2,146,112 shares, compared to its average volume of 1,760,728. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52-week low of $82.75 and a 52-week high of $142.00. The company has a market capitalization of $41.93 billion, a PE ratio of 44.06 and a beta of 1.39. The firm's fifty day moving average is $133.43 and its two-hundred day moving average is $121.08.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the previous year, the company earned $0.72 EPS. CBRE Group's revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current 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.