Cerity Partners LLC Has $3.50 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Cerity Partners LLC increased its position in CBRE Group, Inc. (NYSE:CBRE) by 25.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,604 shares of the financial services provider’s stock after acquiring an additional 7,745 shares during the period. Cerity Partners LLC’s holdings in CBRE Group were worth $3,501,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quilter Plc acquired a new position in CBRE Group in the first quarter worth approximately $347,550,000. Turtle Creek Wealth Advisors LLC bought a new stake in CBRE Group during the fourth quarter worth approximately $45,000. Cary Street Partners Investment Advisory LLC boosted its position in CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the period. Belpointe Asset Management LLC boosted its position in CBRE Group by 57.4% during the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 182 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new stake in CBRE Group during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock worth $3,675,752 over the last three months. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Evercore ISI increased their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Finally, Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.50.

CBRE Group Stock Down 0.4 %

Shares of CBRE stock opened at $85.13 on Thursday. The stock has a market cap of $26.13 billion, a P/E ratio of 26.85 and a beta of 1.42. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The stock has a fifty day moving average price of $92.45 and a 200 day moving average price of $84.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $1.33 earnings per share. Analysts predict that CBRE Group, Inc. will post 4.44 earnings per share for the current year.

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.