Ritholtz Wealth Management Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Ritholtz Wealth Management acquired 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 firm acquired 7,679 shares of the financial services provider's stock, valued at approximately $1,008,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the third quarter worth about $27,000. American National Bank & Trust acquired a new stake in CBRE Group during the 3rd quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of CBRE Group by 190.3% in the 2nd 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 acquired a new position in shares of CBRE Group in the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of 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 worth $36,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. 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. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. Finally, Morgan Stanley raised CBRE Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $145.44.

CBRE Group Price Performance

CBRE Group stock traded up $2.27 during trading hours on Monday, hitting $137.02. The stock had a trading volume of 2,146,112 shares, compared to its average volume of 1,616,147. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The stock has a market capitalization of $41.93 billion, a price-to-earnings ratio of 44.06 and a beta of 1.39. The stock's fifty day moving average is $133.43 and its two-hundred day moving average is $121.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

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