Banque Cantonale Vaudoise Takes $4.44 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Banque Cantonale Vaudoise has acquired a new position in CBRE Group, Inc., purchasing 33,959 shares valued at approximately $4.44 million in the first quarter.
• Several institutional investors have significantly increased their stakes in CBRE, with Massachusetts Financial Services Co. raising theirs by 217.4%, now owning shares worth over $511 million.
• Analysts have mixed views on CBRE with some cutting ratings while others raise price targets; currently, it holds an average rating of "Moderate Buy" with a target price of $156.11.

Banque Cantonale Vaudoise acquired a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 33,959 shares of the financial services provider's stock, valued at approximately $4,440,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group in the fourth quarter worth $28,000. Hughes Financial Services LLC purchased a new position in shares of CBRE Group in the first quarter worth $28,000. Golden State Wealth Management LLC lifted 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 buying an additional 213 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of CBRE Group by 183.7% in the fourth 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of CBRE Group by 1,400.0% in the first 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 in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBRE. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Raymond James Financial boosted 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. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Evercore ISI boosted their price target on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $158.00.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares in the company, valued at $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer owned 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,031 shares of company stock worth $1,139,304 in the last quarter. Company insiders own 0.42% of the company's stock.

CBRE Group Trading Down 1.2%

CBRE stock traded down $1.85 during mid-day trading on Friday, reaching $153.89. 1,813,173 shares of the stock traded hands, compared to its average volume of 1,845,235. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.13. CBRE Group, Inc. has a one year low of $105.17 and a one year high of $161.03. The stock has a market capitalization of $45.79 billion, a PE ratio of 43.11 and a beta of 1.30. The business has a 50-day moving average price of $136.84 and a two-hundred day moving average price of $133.02.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data 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. Equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

About CBRE Group

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.