Personal CFO Solutions LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Personal CFO Solutions LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBREFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,458 shares of the financial services provider’s stock, valued at approximately $1,625,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $2,040,000. D.A. Davidson & CO. lifted its stake in shares of CBRE Group by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock valued at $1,684,000 after purchasing an additional 219 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CBRE Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,762,669 shares of the financial services provider’s stock valued at $130,191,000 after purchasing an additional 17,703 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of CBRE Group by 13.7% in the 3rd quarter. Van ECK Associates Corp now owns 34,305 shares of the financial services provider’s stock valued at $2,533,000 after purchasing an additional 4,132 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of CBRE Group by 4.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,574 shares of the financial services provider’s stock valued at $2,258,000 after purchasing an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE traded down $0.37 during mid-day trading on Friday, reaching $85.63. 1,694,113 shares of the stock were exchanged, compared to its average volume of 1,642,137. The company has a 50 day simple moving average of $88.75 and a 200-day simple moving average of $88.67. The stock has a market capitalization of $26.27 billion, a P/E ratio of 26.68 and a beta of 1.41. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65.

CBRE Group (NYSE:CBREGet Free Report) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Analysts anticipate that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. Finally, Evercore ISI upped their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $99.50.

Get Our Latest Stock Analysis on CBRE Group

CBRE Group Company Profile

(Free Report)

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.

Further Reading

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

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