Ascent Group LLC Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Ascent Group LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,262 shares of the financial services provider's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the fourth quarter worth about $25,000. Investment Management Corp VA ADV purchased a new position in CBRE Group during the fourth quarter worth about $28,000. Denver PWM LLC purchased a new position in CBRE Group during the fourth quarter worth about $29,000. Colonial Trust Co SC raised its holdings in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods upped 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. UBS Group lowered 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. JPMorgan Chase & Co. lowered 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. Finally, Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the firm's 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. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the transaction, the chief financial officer now owns 105,371 shares in the company, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,396 shares of company stock worth $685,649. 0.42% of the stock is owned by insiders.

CBRE Group Price Performance

Shares of CBRE stock traded up $0.13 during trading hours on Friday, hitting $124.80. The company's stock had a trading volume of 5,352,242 shares, compared to its average volume of 1,838,839. The business has a fifty day moving average of $123.48 and a 200-day moving average of $131.41. The stock has a market cap of $37.20 billion, a price-to-earnings ratio of 39.75 and a beta of 1.30. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current 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.