Telemus Capital LLC Purchases 1,643 Shares of CBRE Group, Inc. (NYSE:CBRE)

Telemus Capital LLC grew its position in CBRE Group, Inc. (NYSE:CBRE) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,678 shares of the financial services provider’s stock after purchasing an additional 1,643 shares during the quarter. Telemus Capital LLC’s holdings in CBRE Group were worth $7,790,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CBRE. Harris Associates L P lifted its position in shares of CBRE Group by 4.0% during the 3rd quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after acquiring an additional 586,661 shares during the period. FMR LLC lifted its stake in shares of CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock valued at $699,157,000 after buying an additional 288,287 shares in the last quarter. Invesco Ltd. lifted its stake in shares of CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock valued at $523,208,000 after buying an additional 28,316 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of CBRE Group by 15.1% in the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after buying an additional 894,521 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CBRE Group by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider’s stock valued at $546,330,000 after buying an additional 44,648 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

NYSE CBRE opened at $86.04 on Tuesday. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The company has a 50-day simple moving average of $92.36 and a 200 day simple moving average of $85.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $26.41 billion, a PE ratio of 27.14 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 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. CBRE Group’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 earnings per share. On average, research analysts predict that CBRE Group, Inc. will post 4.44 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at CBRE Group

In other news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 over the last three months. 0.54% of the stock is owned by insiders.

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.