1,958 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,958 shares of the financial services provider's stock, valued at approximately $256,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Optas LLC acquired a new position in CBRE Group in the first quarter valued at approximately $204,000. Ritholtz Wealth Management lifted its stake in CBRE Group by 69.6% during the first quarter. Ritholtz Wealth Management now owns 13,024 shares of the financial services provider's stock worth $1,703,000 after purchasing an additional 5,345 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in CBRE Group by 1,079.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 281,211 shares of the financial services provider's stock worth $36,777,000 after purchasing an additional 257,366 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in CBRE Group by 1.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 29,708 shares of the financial services provider's stock worth $3,885,000 after purchasing an additional 484 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in CBRE Group during the first quarter worth $1,702,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,972 shares of the firm'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 transaction of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their position. 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 quarter. 0.42% of the stock is owned by insiders.

CBRE Group Stock Up 3.5%

NYSE:CBRE traded up $4.72 during trading hours on Monday, hitting $138.61. The company's stock had a trading volume of 1,205,932 shares, compared to its average volume of 1,809,515. The stock has a market capitalization of $41.32 billion, a P/E ratio of 25.80 and a beta of 1.29. The stock has a fifty day moving average of $125.76 and a 200-day moving average of $130.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 52-week low of $85.74 and a 52-week high of $147.75.

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

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on 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 upped their price target on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Morgan Stanley restated an "overweight" rating and set 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 reduced their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

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.