London Co. of Virginia Has $134.84 Million Stake in CBRE Group, Inc. $CBRE

London Co. of Virginia lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 995,446 shares of the financial services provider’s stock after selling 100,786 shares during the quarter. London Co. of Virginia’s holdings in CBRE Group were worth $134,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss RE Ltd. acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Ascentis Independent Advisors acquired a new position in shares of CBRE Group during the 1st quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC bought a new stake in CBRE Group in the 1st quarter valued at $33,000. Finally, Sound Income Strategies LLC raised its stake in CBRE Group by 5,180.0% in the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 259 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CBRE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Evercore set a $169.00 price objective on shares of CBRE Group in a research report on Tuesday, June 30th. UBS Group restated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

CBRE Group Stock Up 2.9%

NYSE CBRE opened at $139.50 on Friday. The business has a fifty day moving average price of $134.36 and a two-hundred day moving average price of $143.99. The stock has a market capitalization of $40.85 billion, a PE ratio of 31.78 and a beta of 1.20. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.CBRE Group’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. Equities analysts expect that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by insiders.

CBRE Group Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.