Stratos Wealth Partners LTD. Boosts Position in CBRE Group, Inc. (NYSE:CBRE)

Stratos Wealth Partners LTD. raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 16.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,851 shares of the financial services provider’s stock after purchasing an additional 961 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in CBRE Group were worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Yousif Capital Management LLC grew its position in CBRE Group by 5.0% in the 4th quarter. Yousif Capital Management LLC now owns 44,755 shares of the financial services provider’s stock worth $5,876,000 after purchasing an additional 2,131 shares during the period. E. Ohman J or Asset Management AB raised its holdings in shares of CBRE Group by 10.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 13,600 shares of the financial services provider’s stock valued at $1,786,000 after acquiring an additional 1,300 shares in the last quarter. Mather Group LLC. lifted its position in CBRE Group by 9.1% during the fourth quarter. Mather Group LLC. now owns 1,879 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 157 shares during the last quarter. Trust Point Inc. lifted its position in CBRE Group by 41.0% during the 4th quarter. Trust Point Inc. now owns 4,189 shares of the financial services provider’s stock worth $550,000 after acquiring an additional 1,218 shares during the period. Finally, Jennison Associates LLC raised its position in CBRE Group by 88.6% during the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after acquiring an additional 336,359 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price target on 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 shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock 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 research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 0.8 %

CBRE stock opened at $143.86 on Tuesday. CBRE Group, Inc. has a 1-year low of $84.21 and a 1-year high of $147.75. 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 fifty day moving average price of $135.56 and a two-hundred day moving average price of $126.67. The firm has a market cap of $44.02 billion, a price-to-earnings ratio of 46.26 and a beta of 1.39.

CBRE Group Profile

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.