Creekmur Asset Management LLC Acquires 4,936 Shares of CBRE Group, Inc. (NYSE:CBRE)

Creekmur Asset Management LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 164,533.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,939 shares of the financial services provider's stock after buying an additional 4,936 shares during the period. Creekmur Asset Management LLC's holdings in CBRE Group were worth $646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBRE. Investment Management Corp VA ADV acquired a new position in CBRE Group during the 4th quarter valued at about $28,000. Hughes Financial Services LLC purchased a new position in shares of CBRE Group in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its stake in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares during the last quarter. Colonial Trust Co SC boosted its stake in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after buying an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group 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 owned 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction on 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 owned 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock valued at $814,080 over the last 90 days. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Up 0.5%

CBRE traded up $0.70 on Friday, hitting $139.47. The company had a trading volume of 995,865 shares, compared to its average volume of 1,809,873. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. CBRE Group, Inc. has a 52-week low of $96.38 and a 52-week high of $147.75. The stock has a fifty day simple moving average of $133.13 and a 200-day simple moving average of $131.78. The firm has a market capitalization of $41.58 billion, a P/E ratio of 42.65 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The business's revenue for the quarter 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBRE. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group boosted their target price 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. Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. 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. Finally, Evercore ISI boosted their target price on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Three equities 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. Based on data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $152.78.

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.