NorthRock Partners LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

NorthRock Partners LLC purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,697 shares of the financial services provider's stock, valued at approximately $617,000.

Other large investors also recently modified their holdings of the company. Wedmont Private Capital lifted its holdings in shares of CBRE Group by 5.8% in the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 206 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in CBRE Group by 18.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider's stock valued at $440,000 after buying an additional 513 shares during the last quarter. Park Avenue Securities LLC lifted its stake in CBRE Group by 43.0% in the 4th quarter. Park Avenue Securities LLC now owns 35,160 shares of the financial services provider's stock valued at $4,616,000 after acquiring an additional 10,573 shares in the last quarter. Burney Co. boosted its position in CBRE Group by 398.3% during the 4th quarter. Burney Co. now owns 15,147 shares of the financial services provider's stock worth $1,989,000 after acquiring an additional 12,107 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of CBRE Group during the 4th quarter worth approximately $1,008,000. 98.41% of the stock is currently owned by institutional investors.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,424 shares of company stock worth $431,064. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE traded down $1.38 during mid-day trading on Monday, reaching $130.23. The company's stock had a trading volume of 1,817,117 shares, compared to its average volume of 1,810,340. The stock has a market cap of $38.82 billion, a P/E ratio of 41.47 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The business has a 50-day simple moving average of $124.42 and a two-hundred day simple moving average of $132.06.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company 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 16.96% and a net margin of 2.71%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBRE. JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. UBS Group reduced their target price 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. Finally, StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $149.22.

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.