Atria Wealth Solutions Inc. Trims Position in CBRE Group, Inc. (NYSE:CBRE)

Atria Wealth Solutions Inc. lessened its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 49.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,257 shares of the financial services provider's stock after selling 5,138 shares during the period. Atria Wealth Solutions Inc.'s holdings in CBRE Group were worth $688,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms recently commented on CBRE. UBS Group raised their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial increased their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Evercore ISI increased their target price on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

CBRE Group Stock Up 1.7%

NYSE:CBRE opened at $156.07 on Wednesday. CBRE Group, Inc. has a fifty-two week low of $107.86 and a fifty-two week high of $161.03. The stock has a market capitalization of $46.44 billion, a P/E ratio of 43.72 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50-day simple moving average is $141.89 and its 200-day simple moving average is $134.04.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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 net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group 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 owned 105,371 shares of the company's stock, valued at $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. Insiders sold a total of 7,898 shares of company stock worth $1,122,558 over the last 90 days. Company insiders own 0.42% of the company's stock.

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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