Crestwood Advisors Group LLC Sells 74 Shares of CBRE Group, Inc. (NYSE:CBRE)

Crestwood Advisors Group LLC trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,398 shares of the financial services provider’s stock after selling 74 shares during the period. Crestwood Advisors Group LLC’s holdings in CBRE Group were worth $3,466,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its stake in shares of CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after buying an additional 75 shares in the last quarter. Lindbrook Capital LLC increased its stake in CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 79 shares during the period. Stephens Inc. AR raised its position in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 80 shares in the last quarter. Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 82 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Morgan Stanley lifted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised shares of 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. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group raised shares of 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Up 1.5 %

Shares of NYSE CBRE opened at $137.81 on Tuesday. The firm’s 50-day simple moving average is $136.50 and its 200 day simple moving average is $129.17. The company has a market cap of $41.35 billion, a price-to-earnings ratio of 43.89 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping 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%. On average, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.