NEXT Financial Group Inc Acquires 917 Shares of CBRE Group, Inc. (NYSE:CBRE)


Share on StockTwits

NEXT Financial Group Inc boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 413.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,139 shares of the financial services provider’s stock after purchasing an additional 917 shares during the quarter. NEXT Financial Group Inc’s holdings in CBRE Group were worth $71,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Northcape Capital Pty Ltd purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $2,558,000. Ellevest Inc. raised its holdings in shares of CBRE Group by 14.5% during the 4th quarter. Ellevest Inc. now owns 2,533 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 321 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of CBRE Group by 42.8% during the 4th quarter. SG Americas Securities LLC now owns 68,739 shares of the financial services provider’s stock worth $4,311,000 after acquiring an additional 20,605 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $338,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of CBRE Group by 220.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 51,386 shares of the financial services provider’s stock worth $3,223,000 after acquiring an additional 35,364 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

CBRE stock opened at $75.25 on Tuesday. CBRE Group, Inc. has a twelve month low of $29.17 and a twelve month high of $75.95. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $65.52 and its two-hundred day simple moving average is $56.23. The firm has a market cap of $25.24 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.77 and a beta of 1.57.

In other CBRE Group news, CEO Daniel G. Queenan sold 659 shares of the stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $61.99, for a total value of $40,851.41. Following the completion of the sale, the chief executive officer now directly owns 150,250 shares in the company, valued at $9,313,997.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chandra Dhandapani sold 2,589 shares of the stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $61.02, for a total value of $157,980.78. Following the completion of the sale, the insider now owns 89,329 shares of the company’s stock, valued at $5,450,855.58. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Several analysts have recently issued reports on CBRE shares. UBS Group upped their price objective on CBRE Group from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. The Goldman Sachs Group began coverage on CBRE Group in a report on Monday, January 25th. They set a “buy” rating and a $74.00 price target on the stock. Raymond James increased their price target on CBRE Group from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on CBRE Group from $52.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, December 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.29.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

See Also: What is the Coverage Ratio?

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE).

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.