Obermeyer Wood Investment Counsel Lllp Invests $220,000 in CBRE Group, Inc. (NYSE:CBRE)

Obermeyer Wood Investment Counsel Lllp acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, Holdings Channel reports. The fund acquired 2,366 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds also recently modified their holdings of CBRE. Belpointe Asset Management LLC boosted its position 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 purchasing an additional 182 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares during the last quarter. Headinvest LLC acquired a new stake in shares of CBRE Group in the third quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $48,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Evercore ISI lifted their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods lifted their price target on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.50.

CBRE Group Price Performance

Shares of CBRE traded up $0.14 during midday trading on Friday, hitting $85.28. The company’s stock had a trading volume of 205,210 shares, compared to its average volume of 1,626,646. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The company’s fifty day simple moving average is $92.43 and its two-hundred day simple moving average is $84.71. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $26.18 billion, a price-to-earnings ratio of 26.86 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’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 EPS. As a group, equities analysts expect that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

About CBRE Group

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.