State of Wyoming Buys 1,912 Shares of CBRE Group, Inc. (NYSE:CBRE)

State of Wyoming boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,047 shares of the financial services provider's stock after buying an additional 1,912 shares during the period. State of Wyoming's holdings in CBRE Group were worth $663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBRE. Merit Financial Group LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at about $256,000. Manning & Napier Advisors LLC acquired a new position in CBRE Group in the 4th quarter worth approximately $175,978,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of CBRE Group by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after purchasing an additional 338,298 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CBRE Group in the 4th quarter valued at about $36,643,000. Finally, Pacer Advisors Inc. lifted its holdings in CBRE Group by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider's stock valued at $3,299,000 after acquiring an additional 2,798 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was 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 in the company, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock valued at $685,649 in the last quarter. Corporate insiders own 0.42% of the company's stock.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $0.63 during trading on Thursday, hitting $120.24. The stock had a trading volume of 2,768,533 shares, compared to its average volume of 1,819,559. The business has a fifty day moving average of $124.52 and a two-hundred day moving average of $131.95. The firm has a market cap of $35.84 billion, a P/E ratio of 38.29 and a beta of 1.30. 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, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company'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 business earned $0.78 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBRE. UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley decreased their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $149.22.

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.