CBRE Group, Inc. (NYSE:CBRE) Position Increased by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,533 shares of the financial services provider’s stock after buying an additional 303 shares during the quarter. Atomi Financial Group Inc.’s holdings in CBRE Group were worth $464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canton Hathaway LLC acquired a new stake in CBRE Group during the third quarter worth about $27,000. American National Bank & Trust acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC lifted its holdings in shares of CBRE Group by 2,830.0% in the 3rd 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. Finally, Asset Dedication LLC acquired a new position in CBRE Group during the 3rd quarter valued at approximately $40,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CBRE. 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 research note on Monday, January 13th. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. 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 target on the stock. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upgraded 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 research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Stock Up 0.1 %

CBRE stock opened at $141.23 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The firm has a 50 day simple moving average of $133.86 and a 200 day simple moving average of $122.53.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. Equities research analysts forecast 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.