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

Wealth Enhancement Advisory Services LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 39.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,845 shares of the financial services provider's stock after acquiring 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 quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Norges Bank bought a new position in shares of CBRE Group during the fourth quarter worth approximately $514,609,000. Artisan Partners Limited Partnership increased its stake in CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in CBRE Group in the 4th quarter valued at $190,695,000. Massachusetts Financial Services Co. MA lifted its position in shares of CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after acquiring an additional 1,222,558 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of CBRE Group by 8,046.9% during the 4th quarter. Bessemer Group Inc. now owns 1,140,315 shares of the financial services provider's stock valued at $149,710,000 after acquiring an additional 1,126,318 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $1.00 during midday trading on Friday, reaching $128.64. 839,229 shares of the company were exchanged, compared to its average volume of 1,831,757. The stock's 50-day moving average price is $123.08 and its 200-day moving average price is $131.26. The stock has a market cap of $38.35 billion, a P/E ratio of 40.97 and a beta of 1.29. 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, Inc. has a one year low of $84.24 and a one year high of $147.75.

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 analysts' consensus estimates 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 analyst estimates of $8.73 billion. During the same quarter in the previous year, the company posted $0.78 EPS. CBRE Group's quarterly revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of CBRE Group 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 transaction, the insider now directly owns 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction dated Monday, May 19th. The shares were 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 owns 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,396 shares of company stock worth $685,649 in the last ninety days. Company insiders own 0.42% of the company's stock.

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.