Hudson Valley Investment Advisors Inc. ADV Raises Position in CBRE Group, Inc. (NYSE:CBRE)

Hudson Valley Investment Advisors Inc. ADV lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 197.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,446 shares of the financial services provider's stock after acquiring an additional 22,883 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV's holdings in CBRE Group were worth $4,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CBRE. Janney Montgomery Scott LLC grew its stake in shares of CBRE Group by 37.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,289 shares of the financial services provider's stock worth $695,000 after acquiring an additional 1,429 shares during the period. Brighton Jones LLC grew its stake in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after acquiring an additional 11,065 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of CBRE Group in the fourth quarter worth approximately $7,549,000. Mather Group LLC. grew its stake in shares of CBRE Group by 9.1% in the fourth quarter. Mather Group LLC. now owns 1,879 shares of the financial services provider's stock worth $247,000 after acquiring an additional 157 shares during the period. Finally, Yousif Capital Management LLC grew its stake in shares of CBRE Group by 5.0% in the fourth quarter. Yousif Capital Management LLC now owns 44,755 shares of the financial services provider's stock worth $5,876,000 after acquiring an additional 2,131 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

CBRE Group stock opened at $128.64 on Friday. The company has a market cap of $38.35 billion, a price-to-earnings ratio of 40.97 and a beta of 1.29. The firm's fifty day moving average is $123.04 and its 200 day moving average is $131.24. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. CBRE Group's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CBRE. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Friday. Morgan Stanley lowered their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group lowered their target price 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

Insider Activity at CBRE Group

In other news, 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 completion of the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 5,396 shares of company stock valued at $685,649 over the last 90 days. 0.42% of the stock is owned by corporate insiders.

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.

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