First Trust Direct Indexing L.P. Grows Stock Position in CBRE Group, Inc. (NYSE:CBRE)

First Trust Direct Indexing L.P. grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 27.8% in the fourth quarter, HoldingsChannel reports. The fund owned 5,950 shares of the financial services provider’s stock after buying an additional 1,295 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in CBRE Group were worth $554,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Schechter Investment Advisors LLC boosted its holdings in shares of CBRE Group by 6.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 168 shares during the last quarter. Greenfield Savings Bank grew its position in CBRE Group by 4.2% during the fourth quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 184 shares during the period. Western Pacific Wealth Management LP increased its stake in CBRE Group by 11.9% during the third quarter. Western Pacific Wealth Management LP now owns 1,885 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 200 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of CBRE Group by 0.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,989 shares of the financial services provider’s stock worth $2,067,000 after purchasing an additional 217 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of CBRE Group by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock valued at $1,684,000 after purchasing an additional 219 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In other 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 value 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO John E. Durburg sold 25,000 shares of the firm’s 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 sale, 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 document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, 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 a total of 39,592 shares of company stock valued at $3,675,752 over the last three months. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Evercore ISI raised their price target 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. Raymond James raised their target price on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their price target 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. Finally, Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Stock Performance

CBRE Group stock opened at $86.61 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $91.70 and a 200-day moving average of $86.01. The stock has a market cap of $26.58 billion, a P/E ratio of 26.98 and a beta of 1.44. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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. The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, analysts expect that CBRE Group, Inc. will post 4.45 EPS 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.