CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 82.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,289 shares of the financial services provider’s stock after acquiring an additional 120,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of CBRE Group worth $34,825,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CBRE. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the 4th quarter valued at $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the 1st quarter worth $28,000. Golden State Wealth Management LLC grew its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC grew its holdings in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CBRE shares. JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. UBS Group raised their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Evercore ISI raised their price objective on shares of CBRE Group from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Three 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.11.

CBRE Group Stock Up 2.1%

CBRE stock opened at $147.66 on Monday. CBRE Group, Inc. has a 52 week low of $105.17 and a 52 week high of $147.98. The company has a market capitalization of $44.02 billion, a price-to-earnings ratio of 45.16 and a beta of 1.30. The firm’s 50-day moving average is $134.47 and its two-hundred day moving average is $132.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the firm earned $0.78 EPS. CBRE Group’s revenue was up 12.3% on a year-over-year basis. On average, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,497 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $209,580.00. Following the sale, the chief accounting officer directly owned 28,211 shares in the company, valued at approximately $3,949,540. The trade was a 5.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chad J. Doellinger sold 494 shares of the business’s 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 owned 27,945 shares in the company, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is owned by corporate insiders.

About CBRE Group

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.