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8,415 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by USA Financial Formulas

CBRE Group logo with Finance background

USA Financial Formulas bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 8,415 shares of the financial services provider's stock, valued at approximately $1,101,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in CBRE Group by 212.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after purchasing an additional 741,477 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in CBRE Group by 23.1% during the first quarter. Handelsbanken Fonder AB now owns 33,202 shares of the financial services provider's stock worth $4,342,000 after purchasing an additional 6,241 shares during the last quarter. SG Americas Securities LLC lifted its stake in CBRE Group by 26.8% during the first quarter. SG Americas Securities LLC now owns 74,502 shares of the financial services provider's stock worth $9,743,000 after purchasing an additional 15,756 shares during the last quarter. Simplicity Wealth LLC lifted its stake in CBRE Group by 9.3% during the first quarter. Simplicity Wealth LLC now owns 2,068 shares of the financial services provider's stock worth $270,000 after purchasing an additional 176 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in CBRE Group by 60.5% during the first quarter. GAMMA Investing LLC now owns 9,875 shares of the financial services provider's stock worth $1,291,000 after purchasing an additional 3,722 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CBRE shares. UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley raised their target price on CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday. Keefe, Bruyette & Woods raised their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Three investment 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's stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target of $150.33.

Get Our Latest Analysis on CBRE

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer now directly owns 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,599 shares of company stock valued at $584,980 over the last three months. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE traded down $2.65 during trading hours on Friday, reaching $132.87. 1,097,705 shares of the company's stock traded hands, compared to its average volume of 1,825,375. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 42.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75. The business's fifty day simple moving average is $124.20 and its two-hundred day simple moving average is $131.08.

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

CBRE Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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