OneDigital Investment Advisors LLC Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

OneDigital Investment Advisors LLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 202.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,648 shares of the financial services provider’s stock after buying an additional 7,127 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in CBRE Group were worth $1,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the 4th quarter valued at about $25,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in CBRE Group in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CBRE. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their target price on CBRE Group from $145.00 to $129.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. UBS Group decreased their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, Morgan Stanley decreased their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday. Three 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’s stock. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

CBRE Group Price Performance

CBRE Group stock opened at $122.84 on Friday. 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 company has a 50-day moving average price of $128.10 and a 200 day moving average price of $131.93. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The stock has a market cap of $36.83 billion, a P/E ratio of 39.12 and a beta of 1.26.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company had revenue of $8.91 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.