CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Vision Capital Corp

Key Points

• Vision Capital Corp significantly increased its stake in CBRE Group by 489.4% in the first quarter, now owning 155,000 shares, making it the 6th largest position in their portfolio.
• CBRE Group has received positive ratings from several Wall Street analysts, with a consensus target price of $158.00 and an average rating of "Moderate Buy."
• In its latest earnings report, CBRE Group exceeded expectations with $1.19 earnings per share and earnings of $9.75 billion for the quarter.

Vision Capital Corp grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 489.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,000 shares of the financial services provider's stock after purchasing an additional 128,700 shares during the period. CBRE Group makes up 4.6% of Vision Capital Corp's portfolio, making the stock its 6th biggest position. Vision Capital Corp owned about 0.05% of CBRE Group worth $20,271,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new position in CBRE Group during the first quarter worth $256,000. Cambridge Investment Research Advisors Inc. grew its position in CBRE Group by 21.5% during the first 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 CBRE Group during the first quarter worth about $1,101,000. Golden State Wealth Management LLC raised its stake 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 valued at $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after acquiring an additional 368,214 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the transaction, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,898 shares of company stock valued at $1,592,658. Company insiders own 0.42% of the company's stock.

CBRE Group Trading Up 0.3%

Shares of CBRE stock traded up $0.43 on Friday, hitting $158.97. The stock had a trading volume of 1,567,384 shares, compared to its average volume of 1,732,678. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $161.03. The firm has a market cap of $47.30 billion, a P/E ratio of 44.53 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $143.77 and a two-hundred day moving average price of $134.38.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

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.