Mission Wealth Management LP Invests $201,000 in CBRE Group, Inc. (NYSE:CBRE)

Mission Wealth Management LP acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,161 shares of the financial services provider’s stock, valued at approximately $201,000.

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

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent analyst reports. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Finally, Raymond James lifted their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has a consensus rating of “Hold” and an average price target of $99.50.

Insider Buying and Selling

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the company’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 $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction 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 $19,164,323.20. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock valued at $3,675,752 over the last 90 days. Insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 0.2 %

Shares of NYSE:CBRE opened at $86.61 on Friday. 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, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 27.32 and a beta of 1.44. The business has a 50-day moving average price of $91.70 and a 200-day moving average price of $85.80.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the prior year, the company earned $0.92 EPS. CBRE Group’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts predict that CBRE Group, Inc. will post 4.45 EPS for the current 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.