CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 342.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,849 shares of the financial services provider’s stock after acquiring an additional 19,227 shares during the quarter. Fulton Bank N.A.’s holdings in CBRE Group were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CBRE. CWA Asset Management Group LLC lifted its position in CBRE Group by 8.1% in the fourth quarter. CWA Asset Management Group LLC now owns 8,399 shares of the financial services provider’s stock valued at $1,103,000 after purchasing an additional 627 shares during the period. Nordea Investment Management AB raised its stake in shares of CBRE Group by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 396,850 shares of the financial services provider’s stock worth $52,094,000 after buying an additional 3,632 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of CBRE Group in the 4th quarter valued at approximately $79,000. GAMMA Investing LLC boosted its stake in shares of CBRE Group by 29.8% in the fourth quarter. GAMMA Investing LLC now owns 6,153 shares of the financial services provider’s stock valued at $808,000 after buying an additional 1,413 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in CBRE Group by 3,969.2% in the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 516 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.8 %

Shares of NYSE CBRE traded up $1.05 during midday trading on Wednesday, reaching $129.69. 636,965 shares of the stock were exchanged, compared to its average volume of 1,239,627. CBRE Group, Inc. has a 52-week low of $82.75 and a 52-week high of $142.00. The stock has a 50 day moving average price of $133.87 and a 200-day moving average price of $119.22. The company has a market capitalization of $39.69 billion, a P/E ratio of 41.70 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CBRE shares. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Insider Transactions at CBRE Group

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

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.