CBRE Group, Inc. (NYSE:CBRE) Shares Bought by HTG Investment Advisors Inc.

HTG Investment Advisors Inc. increased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,853 shares of the financial services provider's stock after buying an additional 22,921 shares during the quarter. CBRE Group comprises 10.9% of HTG Investment Advisors Inc.'s portfolio, making the stock its 2nd largest position. HTG Investment Advisors Inc. owned about 0.06% of CBRE Group worth $16,743,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CBRE. HighTower Advisors LLC increased its stake in CBRE Group by 6.1% during the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider's stock worth $1,344,000 after buying an additional 845 shares during the period. Vontobel Holding Ltd. increased its position in shares of CBRE Group by 7.5% during the first quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider's stock worth $839,000 after acquiring an additional 634 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of CBRE Group by 7,628.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider's stock worth $149,000 after acquiring an additional 1,602 shares in the last quarter. Covestor Ltd boosted its holdings in CBRE Group by 78.5% in the first quarter. Covestor Ltd now owns 1,085 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 477 shares during the last quarter. Finally, Ergoteles LLC acquired a new stake in CBRE Group during the 1st quarter valued at approximately $259,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 0.7 %

NYSE:CBRE traded down $0.65 during trading hours on Thursday, hitting $90.68. 1,629,336 shares of the company's stock traded hands, compared to its average volume of 1,633,499. The stock's fifty day moving average price is $92.15 and its two-hundred day moving average price is $84.23. The firm has a market cap of $27.72 billion, a P/E ratio of 28.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to analysts' expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. On average, research analysts expect that CBRE Group, Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company's stock, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company's stock, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CBRE shares. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a research report on Tuesday, April 2nd. Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday. They set a "hold" rating and a $107.00 price objective for the company. TheStreet upgraded shares of CBRE Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a "market perform" rating in a research report on Friday, February 16th. Finally, Raymond James boosted their price objective on CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $99.50.

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.