CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,600 shares of the financial services provider’s stock after acquiring an additional 1,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in CBRE Group were worth $1,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC grew its holdings 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 acquiring an additional 283 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $40,000. Finally, CENTRAL TRUST Co raised its stake in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Finally, Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Trading Up 1.0 %

Shares of NYSE:CBRE opened at $143.93 on Wednesday. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $147.10. 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 company has a market cap of $44.05 billion, a PE ratio of 46.28 and a beta of 1.39. The company’s 50-day moving average price is $135.23 and its 200 day moving average price is $125.37.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.