Fifth Third Wealth Advisors LLC Has $453,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Fifth Third Wealth Advisors LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,462 shares of the financial services provider’s stock after purchasing an additional 114 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in CBRE Group were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in CBRE Group by 20,889.0% in the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider’s stock valued at $168,896,000 after purchasing an additional 1,285,300 shares during the period. Versant Capital Management Inc boosted its stake in CBRE Group by 104.3% in the 1st quarter. Versant Capital Management Inc now owns 1,081 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 552 shares during the period. Central Pacific Bank Trust Division boosted its stake in CBRE Group by 942.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 6,255 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 5,655 shares during the period. Boston Common Asset Management LLC boosted its stake in CBRE Group by 8.3% in the 1st quarter. Boston Common Asset Management LLC now owns 100,340 shares of the financial services provider’s stock valued at $13,122,000 after purchasing an additional 7,703 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in CBRE Group by 35.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,415 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 374 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

NYSE:CBRE opened at $124.97 on Wednesday. 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 company has a market cap of $37.25 billion, a price-to-earnings ratio of 39.80 and a beta of 1.30. The stock has a fifty day moving average price of $123.18 and a 200-day moving average price of $131.33.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share 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 business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the company earned $0.78 EPS. CBRE Group’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 494 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the sale, the chief financial officer now owns 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock worth $685,649 in the last ninety days. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Morgan Stanley cut 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. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, UBS Group cut 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

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.