Exchange Traded Concepts LLC Has $446,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Exchange Traded Concepts LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 444.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,397 shares of the financial services provider’s stock after purchasing an additional 2,773 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CBRE Group were worth $446,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Canton Hathaway LLC bought a new position in shares of CBRE Group in the 3rd quarter valued at $27,000. American National Bank & Trust bought a new position in shares of CBRE Group in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the 3rd quarter worth $32,000. Wolff Wiese Magana LLC raised its position in CBRE Group by 2,830.0% during 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 bought a new position in CBRE Group during the 3rd quarter worth $40,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CBRE shares. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Finally, Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Stock Performance

Shares of CBRE opened at $144.75 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 stock has a 50-day moving average of $134.70 and a 200-day moving average of $124.19. The company has a market cap of $44.30 billion, a PE ratio of 46.54 and a beta of 1.39. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $146.83.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

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.