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

AlphaStar Capital Management LLC lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & 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.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group raised their price target 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. Evercore ISI increased their target price on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Keefe, Bruyette & Woods boosted their price target 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. Three research 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 company's stock. According to data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $152.78.

CBRE Group Stock Performance

CBRE Group stock traded down $0.04 during trading hours on Wednesday, hitting $139.85. 1,379,638 shares of the stock traded hands, compared to its average volume of 1,817,029. The firm's 50 day moving average price is $130.79 and its 200-day moving average price is $131.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $41.69 billion, a price-to-earnings ratio of 42.77 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $88.32 and a 1 year high of $147.75.

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 the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the company earned $0.78 EPS. CBRE Group's quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider directly owned 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of CBRE Group stock in a transaction that occurred 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 directly owned 20,131 shares of the company's stock, 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. Insiders sold a total of 6,031 shares of company stock valued at $814,080 over the last 90 days. Insiders own 0.42% of the company's stock.

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.