Diversify Advisory Services LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Diversify Advisory Services LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,988 shares of the financial services provider's stock, valued at approximately $486,000.

Other hedge funds also recently made changes to their positions in the company. Archer Investment Corp bought a new stake in CBRE Group in the 1st quarter worth approximately $239,000. Creekmur Asset Management LLC grew its holdings in shares of CBRE Group by 164,533.3% in the first quarter. Creekmur Asset Management LLC now owns 4,939 shares of the financial services provider's stock valued at $646,000 after purchasing an additional 4,936 shares in the last quarter. Patton Albertson Miller Group LLC bought a new stake in CBRE Group in the first quarter worth $3,469,000. Pzena Investment Management LLC raised its stake in CBRE Group by 2.1% during the first quarter. Pzena Investment Management LLC now owns 403,622 shares of the financial services provider's stock valued at $52,786,000 after purchasing an additional 8,183 shares in the last quarter. Finally, Bailard Inc. lifted its position in CBRE Group by 8.8% during the first quarter. Bailard Inc. now owns 6,914 shares of the financial services provider's stock valued at $904,000 after purchasing an additional 562 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,972 shares of the business'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 transaction, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider directly owned 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Up 0.1%

NYSE CBRE traded up $0.14 during trading on Thursday, reaching $144.77. 1,815,514 shares of the company's stock traded hands, compared to its average volume of 1,295,462. CBRE Group, Inc. has a 12-month low of $103.05 and a 12-month high of $147.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $43.16 billion, a price-to-earnings ratio of 44.27 and a beta of 1.30. The company's 50 day simple moving average is $134.15 and its two-hundred day simple moving average is $132.12.

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 analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday. Evercore ISI raised their price target on CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. UBS Group upped their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.11.

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.