Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 2,200 Shares of CBRE Group, Inc. (NYSE:CBRE)

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,500 shares of the financial services provider’s stock after selling 2,200 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in CBRE Group were worth $1,247,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CBRE. Private Advisor Group LLC grew its holdings in CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in CBRE Group by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock worth $2,123,000 after purchasing an additional 334 shares during the period. Integrated Advisors Network LLC purchased a new stake in CBRE Group in the third quarter worth about $258,000. Fidelis Capital Partners LLC grew its holdings in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 82 shares during the period. Finally, First Trust Direct Indexing L.P. grew its holdings in CBRE Group by 8.6% in the third quarter. First Trust Direct Indexing L.P. now owns 10,729 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 847 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 0.7 %

Shares of CBRE stock opened at $139.65 on Friday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $137.07 and its 200 day moving average is $129.53. The stock has a market capitalization of $41.90 billion, a P/E ratio of 44.48 and a beta of 1.39.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CBRE shares. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. 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. Finally, Evercore ISI cut their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.