Townsquare Capital LLC Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Townsquare Capital LLC increased its holdings in CBRE Group, Inc. by 25.3% during the 1st quarter, bringing their total shares to 10,040, valued at approximately $1.31 million.
• Insider transactions included the sale of 1,494 shares by CAO Lindsey S. Caplan and 1,000 shares by CEO Vikramaditya Kohli, indicating a 5.30% and 0.89% decrease in their respective stock ownerships.
• CBRE Group's stock has seen an increase of 2.3% recently, with a current market cap of $47.52 billion and a reported $1.19 EPS for the last quarter, exceeding expectations.

Townsquare Capital LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,040 shares of the financial services provider's stock after acquiring an additional 2,028 shares during the period. Townsquare Capital LLC's holdings in CBRE Group were worth $1,313,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new position in CBRE Group in the fourth quarter worth approximately $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group in the first quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its position in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares during the period. Colonial Trust Co SC boosted its position 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 buying an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position 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 buying an additional 266 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,898 shares of company stock worth $1,277,458 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Up 2.3%

Shares of NYSE CBRE opened at $159.69 on Thursday. The stock has a market cap of $47.52 billion, a P/E ratio of 44.73 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $161.03. The business's fifty day simple moving average is $142.54 and its 200-day simple moving average is $134.22.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CBRE. Raymond James Financial raised their price target on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. 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 report on Thursday, June 12th. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Evercore ISI raised their price target on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods raised their price target on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $158.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.