AustralianSuper Pty Ltd Purchases Shares of 37,662 CBRE Group, Inc. (NYSE:CBRE)

AustralianSuper Pty Ltd bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 37,662 shares of the financial services provider's stock, valued at approximately $4,925,000.

A number of other large investors have also made changes to their positions in CBRE. Investment Management Corp VA ADV acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group during the first quarter worth $28,000. Golden State Wealth Management LLC raised its holdings in shares of CBRE Group by 687.1% in the first 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 during the last quarter. Colonial Trust Co SC boosted its stake in shares of CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $37,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were 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 in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,497 shares of CBRE Group stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $209,580.00. Following the completion of the transaction, the chief accounting officer directly owned 28,211 shares in the company, valued at approximately $3,949,540. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,031 shares of company stock worth $814,080. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE traded up $0.70 during midday trading on Friday, hitting $139.47. 995,865 shares of the stock traded hands, compared to its average volume of 1,811,205. CBRE Group, Inc. has a 1-year low of $96.38 and a 1-year high of $147.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $41.58 billion, a PE ratio of 42.65 and a beta of 1.30. The business's 50 day moving average price is $133.13 and its two-hundred day moving average price is $131.79.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group lifted their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Evercore ISI raised their target price on CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.