First United Bank & Trust Acquires New Shares in CBRE Group, Inc. (NYSE:CBRE)

First United Bank & Trust purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 modified their holdings of the company. Brighton Jones LLC raised its stake in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of CBRE Group during the 4th quarter worth approximately $7,549,000. Empowered Funds LLC boosted its stake in CBRE Group by 236.3% in the 4th quarter. Empowered Funds LLC now owns 16,056 shares of the financial services provider's stock valued at $2,108,000 after buying an additional 11,282 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in CBRE Group by 119.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,428 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 2,959 shares during the last quarter. Finally, Savant Capital LLC raised its position in CBRE Group by 19.0% in the 4th quarter. Savant Capital LLC now owns 6,875 shares of the financial services provider's stock valued at $903,000 after purchasing an additional 1,098 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Price Performance

NYSE:CBRE traded up $1.62 during trading hours on Thursday, reaching $135.45. 1,511,318 shares of the company were exchanged, compared to its average volume of 1,828,495. The company has a market capitalization of $40.38 billion, a P/E ratio of 43.14 and a beta of 1.29. CBRE Group, Inc. has a 1-year low of $85.74 and a 1-year 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. The business has a 50 day moving average of $123.44 and a 200 day moving average of $131.22.

CBRE Group (NYSE:CBRE - Get Free Report) last issued 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. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on 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 sale, the insider now directly owns 27,945 shares in the company, valued at approximately $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 have sold 4,599 shares of company stock valued at $584,980. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group decreased their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. decreased their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Two 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $150.33.

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.