Janney Montgomery Scott LLC Purchases 1,429 Shares of CBRE Group, Inc. (NYSE:CBRE)

Janney Montgomery Scott LLC grew its position in CBRE Group, Inc. (NYSE:CBRE) by 37.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,289 shares of the financial services provider’s stock after purchasing an additional 1,429 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CBRE Group were worth $695,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CBRE. Lindbrook Capital LLC grew its holdings in CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 79 shares during the period. Stephens Inc. AR grew its stake in CBRE Group by 3.1% during 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 during the period. Fidelis Capital Partners LLC increased 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 in the last quarter. Private Advisor Group LLC boosted its holdings in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after buying an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas boosted its holdings in shares of CBRE Group by 0.6% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 93 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Down 1.2 %

NYSE:CBRE opened at $142.84 on Friday. The firm’s 50 day moving average is $135.51 and its 200 day moving average is $125.98. CBRE Group, Inc. has a 12 month low of $83.42 and a 12 month high of $147.75. The stock has a market capitalization of $43.71 billion, a PE ratio of 45.93 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. JPMorgan Chase & Co. upgraded 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. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $148.56.

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.