CoreCap Advisors LLC Purchases New Shares in CBRE Group, Inc. (NYSE:CBRE)

CoreCap Advisors LLC acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,422 shares of the financial services provider’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CBRE. Wealth Enhancement Advisory Services LLC raised its position in CBRE Group by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider’s stock valued at $2,181,000 after purchasing an additional 466 shares during the period. Graypoint LLC raised its holdings in CBRE Group by 11.2% during the 4th quarter. Graypoint LLC now owns 2,028 shares of the financial services provider’s stock valued at $266,000 after buying an additional 205 shares during the period. Czech National Bank lifted its position in CBRE Group by 6.3% in the fourth quarter. Czech National Bank now owns 65,219 shares of the financial services provider’s stock worth $8,563,000 after buying an additional 3,860 shares during the last quarter. Wedmont Private Capital boosted its stake in CBRE Group by 5.8% during the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider’s stock worth $463,000 after buying an additional 206 shares during the period. Finally, Greenfield Savings Bank increased its position in CBRE Group by 5.2% during the fourth quarter. Greenfield Savings Bank now owns 5,138 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 252 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of recent analyst reports. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. UBS Group dropped their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley decreased their target price on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

CBRE Group Stock Up 0.9 %

Shares of CBRE stock opened at $126.67 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a market capitalization of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. The stock’s 50-day simple moving average is $124.49 and its 200-day simple moving average is $132.09.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock worth $431,064 over the last quarter. 0.42% of the stock is currently owned by insiders.

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.