Venturi Wealth Management LLC Acquires 2,587 Shares of CBRE Group, Inc. (NYSE:CBRE)

Venturi Wealth Management LLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1,249.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,794 shares of the financial services provider’s stock after purchasing an additional 2,587 shares during the period. Venturi Wealth Management LLC’s holdings in CBRE Group were worth $367,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CBRE. CIBC Asset Management Inc grew its stake in shares of CBRE Group by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 52,526 shares of the financial services provider’s stock worth $6,896,000 after acquiring an additional 2,716 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in CBRE Group by 21.8% in the 4th quarter. Sanctuary Advisors LLC now owns 23,847 shares of the financial services provider’s stock worth $3,450,000 after purchasing an additional 4,273 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the last quarter. Principal Financial Group Inc. increased its stake in CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock valued at $998,039,000 after purchasing an additional 177,119 shares in the last quarter. Finally, James Investment Research Inc. raised its holdings in CBRE Group by 1.9% in the fourth quarter. James Investment Research Inc. now owns 34,500 shares of the financial services provider’s stock worth $4,530,000 after buying an additional 647 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Trading Down 1.3 %

CBRE Group stock opened at $141.81 on Friday. The business has a 50-day simple moving average of $136.49 and a two-hundred day simple moving average of $128.37. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a market cap of $42.55 billion, a P/E ratio of 45.16 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group Company 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.