Impact Partnership Wealth LLC Purchases New Shares in CBRE Group, Inc. (NYSE:CBRE)

Impact Partnership Wealth LLC bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,722 shares of the financial services provider's stock, valued at approximately $618,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Brighton Jones LLC raised its position 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 valued at $1,903,000 after acquiring an additional 11,065 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at approximately $405,000. Commonwealth Equity Services LLC raised its position in shares of CBRE Group by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,309 shares of the financial services provider's stock valued at $1,485,000 after acquiring an additional 818 shares in the last quarter. Harbour Investments Inc. raised its position in shares of CBRE Group by 30.3% during the 4th quarter. Harbour Investments Inc. now owns 786 shares of the financial services provider's stock valued at $103,000 after acquiring an additional 183 shares in the last quarter. Finally, Sandy Spring Bank raised its position in shares of CBRE Group by 1,637.9% during the 4th quarter. Sandy Spring Bank now owns 1,512 shares of the financial services provider's stock valued at $199,000 after acquiring an additional 1,425 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $0.70 on Friday, hitting $139.47. The company's stock had a trading volume of 995,865 shares, compared to its average volume of 1,811,205. CBRE Group, Inc. has a 12 month low of $96.38 and a 12 month high of $147.75. The company has a market capitalization of $41.58 billion, a price-to-earnings ratio of 42.65 and a beta of 1.30. The stock's 50-day moving average is $133.13 and its two-hundred day moving average is $131.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results 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 return on equity of 17.37% and a net margin of 2.74%. The business had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast 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 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 transaction, the insider owned 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer directly owned 105,371 shares of the company's stock, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock valued at $814,080 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CBRE shares. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Evercore ISI increased their target price on CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. dropped their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Three investment 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 stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price 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.