AlphaStar Capital Management LLC Raises Stock Position in CBRE Group, Inc. (NYSE:CBRE)

AlphaStar Capital Management LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,770 shares of the financial services provider's stock after buying an additional 2,122 shares during the period. AlphaStar Capital Management LLC's holdings in CBRE Group were worth $2,716,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC boosted its position in shares of CBRE Group by 4.0% during the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock worth $290,000 after acquiring an additional 85 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock worth $663,000 after purchasing an additional 93 shares during the last quarter. Signaturefd LLC increased its position in CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 99 shares during the period. Legacy Advisors LLC increased its position in CBRE Group by 6.4% during the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 108 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of CBRE Group by 5.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock valued at $293,000 after buying an additional 108 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Up 0.1%

Shares of CBRE stock traded up $0.20 on Wednesday, hitting $140.09. 472,693 shares of the stock traded hands, compared to its average volume of 1,810,331. The firm's 50-day moving average price is $130.79 and its two-hundred day moving average price is $131.33. 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 stock has a market capitalization of $41.76 billion, a PE ratio of 42.88 and a beta of 1.30. CBRE Group, Inc. has a twelve month low of $87.81 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of recent analyst reports. UBS Group lifted their target price 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. JPMorgan Chase & Co. cut their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their price target on shares of 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 reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Evercore ISI boosted their price target on shares of CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average target price of $152.78.

Insider Activity

In other news, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the transaction, the insider owned 27,945 shares of the company's stock, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the sale, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is currently owned by insiders.

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.