Sigma Planning Corp Makes New $229,000 Investment in CBRE Group, Inc. (NYSE:CBRE)

Sigma Planning Corp purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,839 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently modified their holdings of CBRE. American National Bank & Trust bought a new position in CBRE Group in the third quarter valued at $28,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of CBRE Group in the 1st quarter valued at about $30,000. Wolff Wiese Magana LLC grew its holdings in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in CBRE Group during the third quarter worth about $40,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The trade was a 17.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

CBRE Group Price Performance

NYSE:CBRE opened at $130.23 on Monday. The firm’s fifty day moving average price is $125.26 and its two-hundred day moving average price is $107.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $39.85 billion, a P/E ratio of 41.87 and a beta of 1.39. CBRE Group, Inc. has a one year low of $76.63 and a one year high of $137.93.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. CBRE Group’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. Equities analysts expect that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CBRE shares. Raymond James raised their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Evercore ISI boosted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Morgan Stanley initiated coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

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.