Ferguson Wellman Capital Management Inc. Invests $1.70 Million in CBRE Group, Inc. (NYSE:CBRE)

Ferguson Wellman Capital Management Inc. purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,017 shares of the financial services provider's stock, valued at approximately $1,702,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in CBRE Group in the 4th quarter worth $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group during the fourth quarter worth about $28,000. Denver PWM LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth about $29,000. Colonial Trust Co SC grew its stake in shares of CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 valued at $37,000 after purchasing an additional 266 shares during the period. 98.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CBRE shares. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. cut their price target 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. UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods upped 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. Finally, Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.33.

CBRE Group Stock Performance

CBRE Group stock traded down $2.65 during mid-day trading on Friday, reaching $132.87. 1,097,705 shares of the company traded hands, compared to its average volume of 1,826,724. The firm's fifty day moving average is $123.81 and its two-hundred day moving average is $131.19. The company has a market capitalization of $39.61 billion, a price-to-earnings ratio of 42.32 and a beta of 1.29. CBRE Group, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

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

Insider Buying and Selling

In other CBRE Group news, 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 value of $62,268.70. Following the completion of the transaction, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,599 shares of company stock valued at $584,980 over the last 90 days. Insiders own 0.42% of the company's stock.

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.