Fulton Bank N.A. Raises Position in CBRE Group, Inc. (NYSE:CBRE)

Fulton Bank N.A. increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 342.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 24,849 shares of the financial services provider’s stock after acquiring an additional 19,227 shares during the period. Fulton Bank N.A.’s holdings in CBRE Group were worth $3,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canton Hathaway LLC purchased a new position in CBRE Group in the third quarter valued at about $27,000. American National Bank & Trust purchased a new position in shares of CBRE Group during the 3rd quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the third quarter worth approximately $32,000. Wolff Wiese Magana LLC increased its stake in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in CBRE Group in the third quarter valued at $40,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI upped their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.33.

CBRE Group Trading Up 0.8 %

Shares of CBRE stock traded up $1.05 during trading hours on Wednesday, reaching $129.69. 636,965 shares of the stock traded hands, compared to its average volume of 1,239,627. 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 has a market capitalization of $39.69 billion, a PE ratio of 41.70 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The business has a fifty day moving average price of $133.87 and a 200 day moving average price of $119.22.

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