Archer Investment Corp Buys New Stake in CBRE Group, Inc. (NYSE:CBRE)

Archer Investment Corp purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,830 shares of the financial services provider's stock, valued at approximately $239,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in CBRE Group during the fourth quarter worth approximately $514,609,000. Artisan Partners Limited Partnership increased its position in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Massachusetts Financial Services Co. MA grew its position in CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares in the last quarter. GAMMA Investing LLC raised its position in CBRE Group by 20,889.0% in the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after acquiring an additional 1,285,300 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of CBRE Group by 8,046.9% during the fourth quarter. Bessemer Group Inc. now owns 1,140,315 shares of the financial services provider's stock worth $149,710,000 after purchasing an additional 1,126,318 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

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 completion of the sale, the insider directly owned 27,945 shares in the company, valued at $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares of the company's stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $139.47 on Friday. CBRE Group, Inc. has a 52-week low of $96.38 and a 52-week high of $147.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm's 50-day moving average price is $133.13 and its 200-day moving average price is $131.78. The company has a market cap of $41.58 billion, a PE ratio of 42.65 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The firm had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CBRE. UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI lifted their target price on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price objective 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. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.78.

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.

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