Janney Montgomery Scott LLC Buys 1,429 Shares of CBRE Group, Inc. (NYSE:CBRE)

Janney Montgomery Scott LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 37.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,289 shares of the financial services provider’s stock after acquiring an additional 1,429 shares during the period. Janney Montgomery Scott LLC’s holdings in CBRE Group were worth $695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after buying an additional 993,963 shares during the period. State Street Corp grew its position in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after buying an additional 692,697 shares in the last quarter. Principal Financial Group Inc. increased its stake in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after acquiring an additional 277,922 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of CBRE Group by 61.2% during the 3rd quarter. Bank of Montreal Can now owns 607,696 shares of the financial services provider’s stock valued at $74,850,000 after acquiring an additional 230,684 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were 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 of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CBRE shares. Jefferies Financial Group raised 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. Keefe, Bruyette & Woods upped their target price on shares of 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. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Three equities research 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’s stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Stock Performance

NYSE:CBRE opened at $142.84 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $135.51 and its 200 day simple moving average is $125.98. The stock has a market cap of $43.71 billion, a P/E ratio of 45.93 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $83.42 and a twelve month high of $147.75.

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.