Gateway Investment Advisers LLC Acquires New Shares in CBRE Group, Inc. (NYSE:CBRE)

Gateway Investment Advisers LLC acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,782 shares of the financial services provider's stock, valued at approximately $625,000.

Several other large investors have also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV acquired a new position in CBRE Group in the 4th quarter worth $28,000. Denver PWM LLC acquired a new position in CBRE Group in the 4th quarter worth $29,000. Colonial Trust Co SC raised its stake in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of CBRE Group by 1,400.0% in 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. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE traded down $2.65 during trading hours on Friday, reaching $132.87. The company's stock had a trading volume of 1,097,705 shares, compared to its average volume of 1,826,724. The company's 50-day moving average is $123.81 and its 200-day moving average is $131.19. CBRE Group, Inc. has a 52 week low of $85.74 and a 52 week high of $147.75. The firm 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 (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,599 shares of company stock valued at $584,980. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CBRE. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. UBS Group lowered their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.33.

CBRE Group 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.