First United Bank & Trust Invests $324,000 in CBRE Group, Inc. (NYSE:CBRE)

First United Bank & Trust purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,481 shares of the financial services provider's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $36,643,000. LPL Financial LLC raised its holdings in shares of CBRE Group by 69.1% during the 4th quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider's stock worth $9,172,000 after acquiring an additional 28,547 shares in the last quarter. Allworth Financial LP raised its holdings in shares of CBRE Group by 47.2% during the 4th quarter. Allworth Financial LP now owns 636 shares of the financial services provider's stock worth $89,000 after acquiring an additional 204 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $1,132,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of CBRE Group by 11.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 487,133 shares of the financial services provider's stock worth $63,956,000 after acquiring an additional 51,964 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's 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 sale, the chief financial officer now directly owns 105,371 shares in the company, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,599 shares of company stock valued at $584,980. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on CBRE shares. UBS Group decreased their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. 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. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley increased their price target on CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $150.33.

CBRE Group Trading Down 2.0%

CBRE Group stock traded down $2.65 during mid-day trading on Friday, hitting $132.87. The company's stock had a trading volume of 1,097,705 shares, compared to its average volume of 1,825,375. The company has a 50 day moving average of $124.20 and a 200-day moving average of $131.08. The stock has a market cap of $39.61 billion, a PE ratio of 42.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a one year low of $85.74 and a one year high of $147.75.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $0.78 EPS. The business's revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.