American Assets Investment Management LLC Invests $1.39 Million in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• American Assets Investment Management LLC acquired 10,594 shares of CBRE Group, Inc., valuing their investment at approximately $1,385,000.
• Numerous institutional investors increased their stakes in CBRE Group during the fourth quarter, with Brighton Jones LLC boosting its stake by 322.9%.
• CBRE Group reported a quarterly earnings per share of $1.19, exceeding analysts' expectations, and had a market cap of $46.89 billion.

American Assets Investment Management LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,594 shares of the financial services provider's stock, valued at approximately $1,385,000.

Several other large investors also recently added to or reduced their stakes in CBRE. Investment Management Corp VA ADV acquired a new position in CBRE Group during the 4th quarter worth about $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the 1st quarter worth about $28,000. Golden State Wealth Management LLC lifted its stake in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC lifted its stake in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of CBRE Group stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the transaction, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on 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 directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,031 shares of company stock valued at $1,139,304. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CBRE has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Evercore ISI raised their price target on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research note on Wednesday. Raymond James Financial raised their price target on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $1.85 during trading on Friday, reaching $153.89. The company's stock had a trading volume of 1,831,747 shares, compared to its average volume of 1,568,696. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 12-month low of $105.17 and a 12-month high of $161.03. The company has a market capitalization of $45.79 billion, a P/E ratio of 43.11 and a beta of 1.30. The business has a 50 day moving average price of $137.49 and a 200-day moving average price of $133.22.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group 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.