Prime Capital Investment Advisors LLC Has $443,000 Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Prime Capital Investment Advisors LLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,561 shares of the financial services provider’s stock after selling 230 shares during the period. Prime Capital Investment Advisors LLC’s holdings in CBRE Group were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in shares of CBRE Group in the 1st quarter worth $336,000. Empowered Funds LLC boosted its holdings in CBRE Group by 21.6% during the first quarter. Empowered Funds LLC now owns 3,811 shares of the financial services provider’s stock worth $371,000 after buying an additional 678 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of CBRE Group by 54.0% during the 1st quarter. Orion Portfolio Solutions LLC now owns 32,911 shares of the financial services provider’s stock worth $3,200,000 after buying an additional 11,540 shares during the period. M&G Plc bought a new stake in shares of CBRE Group in the 1st quarter valued at about $2,593,000. Finally, Intech Investment Management LLC raised its position in shares of CBRE Group by 232.4% in the 1st quarter. Intech Investment Management LLC now owns 13,961 shares of the financial services provider’s stock valued at $1,358,000 after acquiring an additional 9,761 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the transaction, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBRE. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Raymond James lifted their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.83.

CBRE Group Stock Down 1.3 %

NYSE:CBRE opened at $130.23 on Friday. The stock has a 50-day simple moving average of $125.26 and a 200 day simple moving average of $106.89. CBRE Group, Inc. has a 52-week low of $76.63 and a 52-week high of $137.93. The company has a market cap of $39.85 billion, a PE ratio of 41.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

About CBRE Group

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.