Oppenheimer Asset Management Inc. Has $6.60 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Oppenheimer Asset Management Inc. increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,456 shares of the financial services provider's stock after buying an additional 9,644 shares during the period. Oppenheimer Asset Management Inc.'s holdings in CBRE Group were worth $6,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in CBRE Group during the 4th quarter worth about $25,000. Investment Management Corp VA ADV bought a new stake in CBRE Group during the 4th quarter worth about $28,000. Colonial Trust Co SC raised its holdings in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,599 shares of company stock valued at $333,600. 0.42% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

Shares of CBRE stock opened at $139.29 on Wednesday. The stock has a 50-day moving average of $126.57 and a 200-day moving average of $130.91. CBRE Group, Inc. has a one year low of $85.74 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $41.52 billion, a PE ratio of 42.60 and a beta of 1.29.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business earned $0.78 EPS. CBRE Group's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CBRE. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, UBS Group lowered their price target 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $150.33.

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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