Focus Partners Wealth Acquires 2,149 Shares of CBRE Group, Inc. (NYSE:CBRE)

Focus Partners Wealth boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,108 shares of the financial services provider’s stock after purchasing an additional 2,149 shares during the quarter. Focus Partners Wealth’s holdings in CBRE Group were worth $3,077,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Meridian Wealth Management LLC lifted its position in CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 71 shares in the last quarter. Gilbert & Cook Inc. lifted its position in CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 75 shares in the last quarter. Signaturefd LLC lifted its position in CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 99 shares in the last quarter. IFP Advisors Inc lifted its position in CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in CBRE Group by 2.6% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CBRE shares. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. Morgan Stanley dropped their target price on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.22.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on 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 owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,424 shares of company stock valued at $431,064. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $130.22 on Friday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a market cap of $38.82 billion, a P/E ratio of 41.47 and a beta of 1.30. The firm has a 50-day moving average of $124.31 and a 200 day moving average of $132.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. CBRE Group’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.