CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,555 shares of the financial services provider's stock after acquiring an additional 2,870 shares during the quarter. Louisbourg Investments Inc.'s holdings in CBRE Group were worth $4,258,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in CBRE Group in the 4th quarter worth $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group during the fourth quarter worth about $28,000. Denver PWM LLC acquired a new position in shares of CBRE Group in the fourth quarter worth about $29,000. Colonial Trust Co SC boosted 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 valued at $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted 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 valued at $37,000 after purchasing an additional 266 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group reduced their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods raised their price objective 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. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (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 assigned a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded down $1.92 during trading on Tuesday, reaching $132.18. 1,238,721 shares of the company's stock traded hands, compared to its average volume of 1,820,455. The stock has a market capitalization of $39.40 billion, a P/E ratio of 42.10 and a beta of 1.29. CBRE Group, Inc. has a 12 month low of $85.74 and a 12 month high of $147.75. The company has a 50 day moving average of $124.60 and a 200-day moving average of $130.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

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

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction on Monday, May 19th. The stock was 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 is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now owns 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 disclosure for this sale can be found here. Insiders have sold 2,599 shares of company stock valued at $333,600 over the last three months. Company insiders own 0.42% of the company's stock.

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.