3,223 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired 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 (SEC). The institutional investor acquired 3,223 shares of the financial services provider’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CBRE. Schechter Investment Advisors LLC increased 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 in the last quarter. Greenfield Savings Bank increased its holdings in CBRE Group by 4.2% in the fourth quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock valued at $423,000 after buying an additional 184 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of CBRE Group by 0.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,989 shares of the financial services provider’s stock valued at $2,067,000 after acquiring an additional 217 shares during the period. D.A. Davidson & CO. lifted its position in shares of CBRE Group by 1.0% during 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 acquiring an additional 219 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in shares of CBRE Group by 5.5% in the 4th quarter. Raymond James Trust N.A. now owns 4,713 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CBRE shares. Evercore ISI raised their price target 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. Jefferies Financial Group initiated coverage on shares of 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 upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Raymond James raised their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Finally, StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CBRE Group has an average rating of “Hold” and a consensus price target of $99.50.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were 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 owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction dated 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 directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock valued at $3,675,752 in the last three months. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $86.51 on Thursday. The firm has a market cap of $26.55 billion, a PE ratio of 26.95 and a beta of 1.44. The company has a quick ratio of 1.17, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $91.54 and its two-hundred day moving average is $86.27. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65.

CBRE Group (NYSE:CBRE) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Analysts forecast that CBRE Group, Inc. will post 4.45 earnings per share 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.