HB Wealth Management LLC Has $5.01 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• HB Wealth Management LLC increased its stake in CBRE Group, Inc. by 556.9% in the first quarter, acquiring a total of 38,269 shares valued at approximately $5 million.
• CBRE Group's recent earnings report showed an EPS of $0.86, surpassing analyst expectations, with a revenue of $8.91 billion—a 12.3% increase year-over-year.
• The stock has a consensus rating of "Moderate Buy" from analysts, with seven buy ratings and an average target price of $156.11.

HB Wealth Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 556.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,269 shares of the financial services provider's stock after buying an additional 32,443 shares during the period. HB Wealth Management LLC's holdings in CBRE Group were worth $5,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in CBRE Group in the fourth quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group in the first quarter worth approximately $28,000. Golden State Wealth Management LLC increased its holdings in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares during the last quarter. Colonial Trust Co SC increased its holdings in 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 buying 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% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after buying an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE traded down $0.44 during mid-day trading on Thursday, hitting $156.94. The company's stock had a trading volume of 465,248 shares, compared to its average volume of 1,838,277. CBRE Group, Inc. has a one year low of $105.17 and a one year high of $161.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.13. The firm has a market capitalization of $46.78 billion, a PE ratio of 43.97 and a beta of 1.30. The stock's 50-day moving average is $136.13 and its two-hundred day moving average is $132.80.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the company'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 completion of the transaction, the insider directly owned 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 document filed with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group increased their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI upped their target price on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday. Raymond James Financial upped their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

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.