Xponance Inc. Buys 255 Shares of CBRE Group, Inc. (NYSE:CBRE)

Xponance Inc. raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,763 shares of the financial services provider’s stock after buying an additional 255 shares during the quarter. Xponance Inc.’s holdings in CBRE Group were worth $5,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of CBRE Group by 6.1% in the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock valued at $1,344,000 after buying an additional 845 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of CBRE Group by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock worth $839,000 after acquiring an additional 634 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of CBRE Group by 7,628.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,602 shares during the period. Covestor Ltd lifted its holdings in shares of CBRE Group by 78.5% during the 1st quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 477 shares in the last quarter. Finally, Ergoteles LLC bought a new position in shares of CBRE Group during the 1st quarter valued at about $259,000. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CBRE has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group started coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Raymond James boosted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI upped their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Five investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.50.

Insider Buying and Selling

In other news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.53% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $84.90 on Friday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The stock has a market capitalization of $26.06 billion, a price-to-earnings ratio of 26.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average of $92.40 and a 200-day moving average of $84.88.

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

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.