CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 14.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,757 shares of the financial services provider's stock after buying an additional 1,990 shares during the quarter. Hunter Associates Investment Management LLC's holdings in CBRE Group were worth $2,060,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Sowell Financial Services LLC purchased a new stake in shares of CBRE Group in the first quarter valued at about $256,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of CBRE Group by 21.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock valued at $968,000 after purchasing an additional 1,310 shares during the period. USA Financial Formulas purchased a new stake in shares of CBRE Group in the first quarter valued at about $1,101,000. Golden State Wealth Management LLC grew its holdings in shares of 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 valued at $32,000 after purchasing an additional 213 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $36,643,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In other news, 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 transaction of $270,900.00. Following the transaction, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at $2,818,340. This represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $62,268.70. Following the transaction, the insider directly owned 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE traded down $0.98 during trading on Friday, hitting $140.23. The stock had a trading volume of 560,855 shares, compared to its average volume of 1,812,653. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $41.80 billion, a P/E ratio of 42.89 and a beta of 1.30. The company's 50-day moving average price is $131.50 and its 200 day moving average price is $131.46. CBRE Group, Inc. has a twelve month low of $91.19 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. CBRE Group's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBRE. UBS Group upped their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI upped their target price on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $152.78.

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.