Apollon Wealth Management LLC Acquires 2,219 Shares of CBRE Group, Inc. (NYSE:CBRE)

Apollon Wealth Management LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 56.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,116 shares of the financial services provider’s stock after acquiring an additional 2,219 shares during the quarter. Apollon Wealth Management LLC’s holdings in CBRE Group were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after purchasing an additional 277,922 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in CBRE Group by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock valued at $763,909,000 after buying an additional 49,732 shares in the last quarter. Earnest Partners LLC increased its position in CBRE Group by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock valued at $324,085,000 after buying an additional 54,510 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in CBRE Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider’s stock worth $295,640,000 after acquiring an additional 142,088 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its stake in shares of CBRE Group by 4.8% in the second quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider’s stock worth $237,323,000 after acquiring an additional 123,108 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

CBRE Group Trading Down 1.3 %

Shares of CBRE stock opened at $130.23 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 41.87 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $76.63 and a 1 year high of $137.93. The firm has a fifty day moving average price of $124.93 and a 200-day moving average price of $106.60.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. CBRE Group’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts predict that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBRE shares. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI upped their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Morgan Stanley started coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Finally, Raymond James upped their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Five 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

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.