HB Wealth Management LLC Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

HB Wealth Management LLC lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 556.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,269 shares of the financial services provider’s stock after purchasing an additional 32,443 shares during the quarter. HB Wealth Management LLC’s holdings in CBRE Group were worth $5,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers increased its holdings in CBRE Group by 82.6% in the 1st quarter. Cetera Investment Advisers now owns 42,666 shares of the financial services provider’s stock worth $5,580,000 after buying an additional 19,295 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of CBRE Group by 9.2% in the first quarter. Avantax Advisory Services Inc. now owns 16,048 shares of the financial services provider’s stock worth $2,099,000 after acquiring an additional 1,357 shares during the period. Gilbert & Cook Inc. raised its holdings in shares of CBRE Group by 2.4% during the first quarter. Gilbert & Cook Inc. now owns 5,580 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 132 shares during the last quarter. AE Wealth Management LLC lifted its position in CBRE Group by 2.6% during the first quarter. AE Wealth Management LLC now owns 16,254 shares of the financial services provider’s stock valued at $2,126,000 after purchasing an additional 418 shares during the period. Finally, City National Bank of Florida MSD boosted its holdings in CBRE Group by 10.7% in the first quarter. City National Bank of Florida MSD now owns 2,094 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Up 2.1%

Shares of CBRE stock opened at $147.66 on Monday. CBRE Group, Inc. has a 1-year low of $105.17 and a 1-year high of $147.98. The company has a market cap of $44.02 billion, a price-to-earnings ratio of 45.16 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $134.47 and a 200-day simple moving average of $132.29.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBRE. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. 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. 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 research note on Thursday. Finally, Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.11.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares in the company, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider directly owned 27,945 shares of the company’s stock, valued at $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock valued at $814,080 over the last 90 days. 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.