Proficio Capital Partners LLC Buys Shares of 3,085 CBRE Group, Inc. (NYSE:CBRE)

Proficio Capital Partners LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,085 shares of the financial services provider's stock, valued at approximately $405,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new position in shares of CBRE Group in the 3rd quarter valued at $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group in the fourth quarter worth $1,518,000. Merit Financial Group LLC acquired a new position in shares of CBRE Group during the fourth quarter worth approximately $256,000. Fulton Bank N.A. grew its stake in shares of CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock valued at $477,000 after buying an additional 3,807 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

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CBRE Group Stock Performance

NYSE:CBRE traded down $2.12 during mid-day trading on Friday, hitting $129.40. The stock had a trading volume of 1,218,782 shares, compared to its average volume of 1,756,002. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve 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 stock has a market cap of $38.82 billion, a price-to-earnings ratio of 41.21 and a beta of 1.42. The company's 50 day simple moving average is $137.69 and its 200 day simple moving average is $132.05.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBRE. The Goldman Sachs Group began 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. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday. Evercore ISI reduced 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 note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.89.

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.