Azzad Asset Management Inc. ADV Purchases 484 Shares of CBRE Group, Inc. (NYSE:CBRE)

Azzad Asset Management Inc. ADV raised its position in CBRE Group, Inc. (NYSE:CBRE) by 1.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 29,708 shares of the financial services provider’s stock after acquiring an additional 484 shares during the period. Azzad Asset Management Inc. ADV’s holdings in CBRE Group were worth $3,885,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CBRE. Norges Bank bought a new stake in shares of CBRE Group during the 4th quarter worth approximately $514,609,000. Artisan Partners Limited Partnership raised its stake in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in CBRE Group in the 4th quarter valued at $190,695,000. GAMMA Investing LLC raised 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 acquiring an additional 1,285,300 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in CBRE Group by 11,750.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock valued at $161,876,000 after acquiring an additional 1,222,558 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CBRE shares. UBS Group dropped their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.33.

CBRE Group Stock Performance

NYSE:CBRE opened at $132.87 on Friday. The stock’s 50-day simple moving average is $124.20 and its 200 day simple moving average is $131.14. The firm has a market capitalization of $39.61 billion, a PE ratio of 42.32 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75.

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, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now directly owns 27,945 shares of the company’s stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,599 shares of company stock worth $584,980. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Company 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.