CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Sfmg LLC

Sfmg LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,214 shares of the financial services provider’s stock after purchasing an additional 461 shares during the period. Sfmg LLC’s holdings in CBRE Group were worth $4,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Apollon Wealth Management LLC grew its stake in shares of CBRE Group by 1.7% in the first quarter. Apollon Wealth Management LLC now owns 9,436 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 155 shares in the last quarter. CIBC Asset Management Inc raised its holdings in CBRE Group by 0.3% during the first quarter. CIBC Asset Management Inc now owns 46,601 shares of the financial services provider’s stock worth $3,393,000 after purchasing an additional 159 shares in the last quarter. Schechter Investment Advisors LLC boosted its stake in CBRE Group by 6.4% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 168 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of CBRE Group by 3.7% in the first quarter. NewEdge Advisors LLC now owns 5,092 shares of the financial services provider’s stock valued at $371,000 after buying an additional 180 shares during the period. Finally, Belpointe Asset Management LLC boosted its stake in CBRE Group by 57.4% during the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock valued at $36,000 after buying an additional 182 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 1.7 %

CBRE Group stock traded down $1.49 during trading hours on Wednesday, hitting $85.50. The company had a trading volume of 2,645,488 shares, compared to its average volume of 1,307,556. The firm’s fifty day moving average is $92.43 and its 200-day moving average is $84.70. The firm has a market capitalization of $26.24 billion, a P/E ratio of 26.97 and a beta of 1.42. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. On average, research analysts forecast that CBRE Group, Inc. will post 4.44 earnings per share for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 in the last 90 days. 0.53% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBRE. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James lifted their target price on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, Evercore ISI raised their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Hold” and a consensus target price of $99.50.

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.