Capital CS Group LLC Acquires New Stake in CBRE Group, Inc. (NYSE:CBRE)

Capital CS Group 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 2,873 shares of the financial services provider's stock, valued at approximately $376,000. CBRE Group accounts for about 0.6% of Capital CS Group LLC's investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBRE. Meridian Wealth Management LLC raised its stake in shares of CBRE Group by 1.4% during the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after purchasing an additional 71 shares during the period. Signaturefd LLC raised its stake in shares of CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc raised its stake in shares of CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after purchasing an additional 100 shares during the period. Fidelis Capital Partners LLC raised its stake in shares of CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after purchasing an additional 104 shares during the period. Finally, Howard Capital Management Inc. raised its stake in shares of CBRE Group by 4.7% during the 4th quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider's stock worth $315,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $1.09 during trading on Thursday, hitting $128.50. The company's stock had a trading volume of 439,244 shares, compared to its average volume of 1,831,081. The company has a 50-day moving average of $123.15 and a 200-day moving average of $131.30. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The firm has a market cap of $38.31 billion, a price-to-earnings ratio of 40.92 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,396 shares of company stock valued at $685,649 over the last three months. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CBRE shares. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Morgan Stanley decreased their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, UBS Group decreased their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $149.22.

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.