CBRE Group, Inc. (NYSE:CBRE) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,356 shares of the financial services provider's stock after purchasing an additional 1,957 shares during the period. CWA Asset Management Group LLC's holdings in CBRE Group were worth $1,354,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group in the 4th quarter worth approximately $28,000. Denver PWM LLC bought a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Colonial Trust Co SC raised its stake in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after acquiring an additional 266 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 research note on Thursday, June 12th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. UBS Group dropped their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,972 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the 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 transaction, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,599 shares of company stock worth $333,600. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Up 0.3%

CBRE traded up $0.38 on Friday, hitting $133.85. 2,061,873 shares of the company were exchanged, compared to its average volume of 1,819,680. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75. The company has a market cap of $39.90 billion, a price-to-earnings ratio of 40.93 and a beta of 1.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $125.76 and a two-hundred day moving average price of $130.93.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS 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 during the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The firm's revenue was up 12.3% on a year-over-year basis. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group Company 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.