Venturi Wealth Management LLC Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Venturi Wealth Management LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1,249.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,794 shares of the financial services provider's stock after purchasing an additional 2,587 shares during the period. Venturi Wealth Management LLC's holdings in CBRE Group were worth $367,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Canton Hathaway LLC purchased a new stake in CBRE Group during the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter worth $32,000. Catalyst Capital Advisors LLC lifted its stake in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after acquiring an additional 238 shares during the period. CENTRAL TRUST Co lifted its stake in shares of CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 302 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of CBRE Group by 3,969.2% in the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider's stock worth $69,000 after buying an additional 516 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research analyst reports. Citigroup lifted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley lifted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Finally, Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $149.89.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $5.95 on Friday, reaching $135.72. 1,481,086 shares of the company traded hands, compared to its average volume of 1,837,485. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a 50 day moving average of $136.53 and a 200 day moving average of $128.46.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities analysts forecast that CBRE Group, Inc. will post 5.99 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.