International Assets Investment Management LLC Acquires Shares of 45,614 CBRE Group, Inc. (NYSE:CBRE)

International Assets Investment Management LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 45,614 shares of the financial services provider’s stock, valued at approximately $42,460,000.

Several other institutional investors and hedge funds have also made changes to their positions in CBRE. Commonwealth Equity Services LLC boosted its position in CBRE Group by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 602 shares during the period. SVB Wealth LLC boosted its holdings in shares of CBRE Group by 50.2% during the third quarter. SVB Wealth LLC now owns 6,014 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 2,010 shares during the period. Raymond James & Associates grew its position in shares of CBRE Group by 2.8% during the third quarter. Raymond James & Associates now owns 240,544 shares of the financial services provider’s stock worth $17,767,000 after acquiring an additional 6,662 shares during the last quarter. Bailard Inc. increased its holdings in shares of CBRE Group by 30.9% in the 3rd quarter. Bailard Inc. now owns 7,238 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 1,708 shares during the period. Finally, Brown Advisory Inc. lifted its position in CBRE Group by 37.5% in the 3rd quarter. Brown Advisory Inc. now owns 63,524 shares of the financial services provider’s stock valued at $4,692,000 after purchasing an additional 17,323 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBRE. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Jefferies Financial Group assumed coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Evercore ISI raised their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Finally, StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday. Five equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $99.50.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated 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 sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 in the company, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 0.2 %

Shares of CBRE Group stock opened at $86.61 on Friday. The business has a fifty day simple moving average of $91.77 and a 200-day simple moving average of $85.70. The firm has a market cap of $26.58 billion, a price-to-earnings ratio of 27.32 and a beta of 1.44. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, equities analysts forecast that CBRE Group, Inc. will post 4.45 EPS for the current fiscal 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.