CWA Asset Management Group LLC Invests $213,000 in CBRE Group, Inc. (NYSE:CBRE)

CWA Asset Management Group LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBREFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,293 shares of the financial services provider’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares during the period. Headinvest LLC acquired a new stake in shares of CBRE Group during the third quarter worth $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in CBRE Group in the fourth quarter valued at about $45,000. Bruce G. Allen Investments LLC acquired a new position in CBRE Group in the fourth quarter valued at about $48,000. Finally, Planned Solutions Inc. bought a new position in CBRE Group during the fourth quarter worth about $52,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’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 owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Up 0.9 %

CBRE stock opened at $86.42 on Thursday. The firm has a 50-day moving average price of $89.20 and a 200-day moving average price of $88.56. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $26.52 billion, a P/E ratio of 26.92 and a beta of 1.41.

CBRE Group (NYSE:CBREGet Free Report) last released 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. The company 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 4.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBRE. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Evercore ISI raised their price objective on 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, Keefe, Bruyette & Woods raised 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.50.

Get Our Latest Stock Report on CBRE Group

CBRE Group Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBREFree Report).

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.