CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,973 shares of the financial services provider’s stock after acquiring an additional 216 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in CBRE Group were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the 4th quarter valued at $25,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group during the 4th quarter valued at $28,000. Denver PWM LLC acquired a new position in shares of CBRE Group during the 4th quarter valued at $29,000. Colonial Trust Co SC lifted its holdings in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares of the company’s stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock valued at $685,649 in the last quarter. Insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $124.52 on Tuesday. The firm has a market cap of $37.12 billion, a PE ratio of 39.66 and a beta of 1.30. The firm’s 50-day simple moving average is $123.32 and its 200-day simple moving average is $131.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. UBS Group cut their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Morgan Stanley cut their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.22.

CBRE Group 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.