6,719 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,719 shares of the financial services provider's stock, valued at approximately $882,000.

Several other hedge funds have also modified their holdings of CBRE. Merit Financial Group LLC purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $256,000. UMB Bank n.a. raised its holdings in shares of CBRE Group by 3.8% during the 4th quarter. UMB Bank n.a. now owns 3,461 shares of the financial services provider's stock worth $454,000 after acquiring an additional 128 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of CBRE Group by 0.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 58,952 shares of the financial services provider's stock worth $7,740,000 after acquiring an additional 393 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of CBRE Group by 9.4% during the 4th quarter. Atomi Financial Group Inc. now owns 3,533 shares of the financial services provider's stock worth $464,000 after acquiring an additional 303 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of CBRE Group by 1.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 75,243 shares of the financial services provider's stock worth $9,879,000 after acquiring an additional 799 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares in the company, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,396 shares of company stock valued at $685,649 in the last quarter. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CBRE. StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Finally, UBS Group cut their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

CBRE Group Stock Performance

NYSE CBRE opened at $120.91 on Thursday. The company has a market cap of $36.04 billion, a P/E ratio of 38.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The business's 50 day moving average price is $124.52 and its 200-day moving average price is $131.95. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.