Yeomans Consulting Group Inc. Invests $333,000 in CBRE Group, Inc. (NYSE:CBRE)

Yeomans Consulting Group Inc. bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,533 shares of the financial services provider’s stock, valued at approximately $333,000.

Other hedge funds have also modified their holdings of the company. Algert Global LLC acquired a new stake in CBRE Group in the third quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group during the 4th quarter valued at $1,518,000. Fulton Bank N.A. grew its holdings in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Prestige Wealth Management Group LLC increased its stake 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 buying an additional 3,807 shares during the period. Finally, Cornerstone Advisors LLC lifted its holdings in CBRE Group by 29.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock worth $2,054,000 after buying an additional 3,800 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.1 %

Shares of NYSE:CBRE opened at $141.00 on Friday. The company’s fifty day moving average is $133.68 and its two-hundred day moving average is $122.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The stock has a market capitalization of $43.15 billion, a price-to-earnings ratio of 45.34 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. CBRE Group’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Equities analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CBRE. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Finally, Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.44.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

CBRE Group 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.