Wolf Group Capital Advisors Invests $356,000 in CBRE Group, Inc. (NYSE:CBRE)

Wolf Group Capital Advisors purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,722 shares of the financial services provider's stock, valued at approximately $356,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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. Denver PWM LLC bought a new stake in CBRE Group during the 4th quarter worth about $29,000. Colonial Trust Co SC lifted its position 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 buying an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position 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 buying an additional 266 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the 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 transaction, the chief financial officer now owns 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the 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 transaction, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,599 shares of company stock worth $333,600 in the last quarter. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

CBRE traded up $1.09 on Thursday, reaching $133.35. The company had a trading volume of 1,164,946 shares, compared to its average volume of 1,820,556. CBRE Group, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $147.75. The stock has a market cap of $39.75 billion, a P/E ratio of 40.78 and a beta of 1.29. The company's fifty day moving average is $125.07 and its 200 day moving average is $130.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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.