CBRE Group, Inc. (NYSE:CBRE) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,362 shares of the financial services provider's stock after buying an additional 9,671 shares during the quarter. Cerity Partners LLC's holdings in CBRE Group were worth $8,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CBRE. Valeo Financial Advisors LLC grew its position in 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 valued at $290,000 after acquiring an additional 85 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in shares of CBRE Group by 1.9% during the 1st 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 period. Signaturefd LLC grew its holdings in shares of CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $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 worth $234,000 after purchasing an additional 108 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in CBRE Group by 5.1% in the first 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 during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Down 2.9%

Shares of NYSE CBRE traded down $4.06 during midday trading on Tuesday, reaching $136.96. 1,994,892 shares of the company's stock were exchanged, compared to its average volume of 1,815,213. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. CBRE Group, Inc. has a 52-week low of $94.65 and a 52-week high of $147.75. The business's fifty day moving average price is $132.08 and its two-hundred day moving average price is $131.59. The stock has a market capitalization of $40.83 billion, a PE ratio of 41.88 and a beta of 1.30.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CBRE. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Evercore ISI raised their price objective on CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their target price 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. Finally, Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.78.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer directly owned 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 legal filing with the SEC, which is available through this link. Also, insider Chad J. Doellinger sold 494 shares of the company'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 completion of the sale, the insider owned 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,031 shares of company stock worth $814,080. 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.