Atlantic Edge Private Wealth Management LLC Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Atlantic Edge Private Wealth Management LLC bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,591 shares of the financial services provider's stock, valued at approximately $2,039,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in shares of CBRE Group during the 1st quarter worth approximately $256,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of CBRE Group by 21.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after buying an additional 1,310 shares in the last quarter. USA Financial Formulas bought a new position in shares of CBRE Group during the 1st quarter worth approximately $1,101,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 buying an additional 213 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of CBRE Group during the 4th quarter worth approximately $36,643,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity

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 owned 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,497 shares of CBRE Group stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $209,580.00. Following the completion of the sale, the chief accounting officer directly owned 28,211 shares of the company's stock, valued at approximately $3,949,540. This trade represents a 5.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,031 shares of company stock valued at $814,080 in the last ninety days. 0.42% of the stock is currently owned by insiders.

CBRE Group Stock Down 0.4%

NYSE:CBRE traded down $0.59 during trading hours on Monday, hitting $142.59. 1,128,116 shares of the company traded hands, compared to its average volume of 1,813,375. 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 simple moving average is $130.00 and its 200-day simple moving average is $131.17. CBRE Group, Inc. has a one year low of $87.25 and a one year high of $147.75. The company has a market cap of $42.51 billion, a PE ratio of 43.61 and a beta of 1.30.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on CBRE shares. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods increased their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report 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 report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.11.

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.