Montag A & Associates Inc. Sells 14,199 Shares of CBRE Group, Inc. (NYSE:CBRE)

Montag A & Associates Inc. trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,412 shares of the financial services provider’s stock after selling 14,199 shares during the quarter. Montag A & Associates Inc.’s holdings in CBRE Group were worth $6,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Algert Global LLC bought a new position in CBRE Group in the third quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of CBRE Group during the 4th quarter worth $1,518,000. Merit Financial Group LLC purchased a new position in shares of CBRE Group during the fourth quarter valued at $256,000. Fulton Bank N.A. raised its holdings in shares of CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 3,807 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

CBRE opened at $143.89 on Friday. The company has a market cap of $44.03 billion, a P/E ratio of 46.27 and a beta of 1.39. 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’s 50-day moving average price is $136.08 and its 200-day moving average price is $127.59. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results 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 2.79% and a return on equity of 13.91%. As a group, equities analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CBRE. The Goldman Sachs Group assumed coverage on shares of 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. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday. Three equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.33.

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.