CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its position in CBRE Group, Inc. (NYSE:CBRE) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,645 shares of the financial services provider’s stock after selling 361 shares during the period. Hartford Investment Management Co.’s holdings in CBRE Group were worth $2,448,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Canton Hathaway LLC acquired a new stake in CBRE Group during the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group during the third quarter worth about $32,000. Wolff Wiese Magana LLC grew its holdings in CBRE Group by 2,830.0% during the third 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 during the period. Asset Dedication LLC acquired a new stake in CBRE Group during the third quarter worth about $40,000. Finally, CENTRAL TRUST Co grew its holdings in CBRE Group by 165.9% during the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 302 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI dropped their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, 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 objective on the stock. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.56.

CBRE Group Stock Performance

NYSE CBRE opened at $140.73 on Thursday. The company has a market cap of $43.07 billion, a PE ratio of 45.25 and a beta of 1.39. The stock’s 50 day simple moving average is $135.77 and its 200-day simple moving average is $127.15. 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.

Insiders Place Their Bets

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 transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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.