Wealth Enhancement Advisory Services LLC Purchases 6,790 Shares of CBRE Group, Inc. (NYSE:CBRE)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,845 shares of the financial services provider's stock after purchasing an additional 6,790 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CBRE Group were worth $3,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ bought a new position in CBRE Group in the 4th quarter worth $13,277,000. Siemens Fonds Invest GmbH increased its position in shares of CBRE Group by 3,995.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 165,766 shares of the financial services provider's stock valued at $21,677,000 after buying an additional 161,718 shares during the period. Cim LLC bought a new position in CBRE Group in the fourth quarter worth about $224,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in CBRE Group in the fourth quarter worth about $34,232,000. Finally, Jefferies Financial Group Inc. boosted its position in CBRE Group by 3.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 19,092 shares of the financial services provider's stock valued at $2,507,000 after acquiring an additional 605 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Up 0.8%

Shares of NYSE CBRE traded up $1.00 during midday trading on Friday, hitting $128.64. The stock had a trading volume of 839,229 shares, compared to its average volume of 1,827,304. The business's 50 day moving average is $123.04 and its 200-day moving average is $131.23. The company has a market cap of $38.35 billion, a P/E ratio of 40.97 and a beta of 1.29. CBRE Group, Inc. has a 52 week low of $84.68 and a 52 week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on CBRE. Morgan Stanley decreased their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Friday. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $149.22.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer now directly owns 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,396 shares of company stock valued at $685,649 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

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.