Empirical Finance LLC Buys 236 Shares of CBRE Group, Inc. (NYSE:CBRE)

Empirical Finance LLC grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,770 shares of the financial services provider’s stock after purchasing an additional 236 shares during the quarter. Empirical Finance LLC’s holdings in CBRE Group were worth $1,409,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CBRE. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of CBRE Group by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,309 shares of the financial services provider’s stock valued at $1,485,000 after purchasing an additional 818 shares in the last quarter. LPL Financial LLC increased its position in shares of CBRE Group by 69.1% during the fourth quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider’s stock valued at $9,172,000 after acquiring an additional 28,547 shares during the last quarter. Blair William & Co. IL increased its position in shares of CBRE Group by 126.7% during the fourth quarter. Blair William & Co. IL now owns 20,478 shares of the financial services provider’s stock valued at $2,689,000 after acquiring an additional 11,443 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of CBRE Group by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 93,315 shares of the financial services provider’s stock valued at $12,251,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 494 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider directly owned 27,945 shares of the company’s stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 105,371 shares of the company’s stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock valued at $814,080 over the last three months. Company insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $147.66 on Monday. 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 business has a fifty day simple moving average of $134.47 and a two-hundred day simple moving average of $132.29. CBRE Group, Inc. has a 1 year low of $105.17 and a 1 year high of $147.98. The company has a market capitalization of $44.02 billion, a P/E ratio of 45.16 and a beta of 1.30.

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

Analyst Ratings Changes

CBRE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target 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. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research report on Thursday. UBS Group increased 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. Finally, Evercore ISI increased their price target on CBRE Group from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.11.

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.