SG Americas Securities LLC Buys 15,756 Shares of CBRE Group, Inc. (NYSE:CBRE)

SG Americas Securities LLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,502 shares of the financial services provider's stock after acquiring an additional 15,756 shares during the quarter. SG Americas Securities LLC's holdings in CBRE Group were worth $9,743,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the 4th quarter valued at approximately $25,000. Investment Management Corp VA ADV purchased a new position in CBRE Group during the fourth quarter worth $28,000. Denver PWM LLC purchased a new position in CBRE Group during the fourth quarter worth $29,000. Colonial Trust Co SC boosted its holdings in shares of CBRE Group by 183.7% during the fourth 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. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of CBRE Group by 1,400.0% during the first 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. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several research reports. Morgan Stanley raised their price objective on CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. UBS Group cut their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. decreased their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Three research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction on 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 trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,599 shares of company stock valued at $584,980. 0.42% of the stock is currently owned by company insiders.

CBRE Group Price Performance

CBRE Group stock traded down $2.65 during mid-day trading on Friday, hitting $132.87. 1,097,705 shares of the company traded hands, compared to its average volume of 1,826,725. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a one year low of $85.74 and a one year high of $147.75. The stock has a fifty day moving average price of $124.20 and a 200-day moving average price of $131.14. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 42.32 and a beta of 1.29.

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, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

About CBRE Group

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.