Radnor Capital Management LLC Takes $1.18 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Radnor Capital Management LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,560 shares of the financial services provider’s stock, valued at approximately $1,175,000.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in CBRE Group in the 4th quarter valued at $255,749,000. London Co. of Virginia acquired a new position in CBRE Group in the first quarter worth $126,917,000. Harris Associates L P boosted its stake in CBRE Group by 11.2% in the fourth quarter. Harris Associates L P now owns 13,661,270 shares of the financial services provider’s stock worth $1,051,371,000 after purchasing an additional 1,378,650 shares in the last quarter. Franklin Resources Inc. raised its position in shares of CBRE Group by 28.3% during the fourth quarter. Franklin Resources Inc. now owns 5,439,357 shares of the financial services provider’s stock worth $418,613,000 after acquiring an additional 1,198,800 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of CBRE Group by 97.7% during the first quarter. Wellington Management Group LLP now owns 2,201,526 shares of the financial services provider’s stock worth $160,293,000 after acquiring an additional 1,087,893 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,305 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $83.08, for a total transaction of $108,419.40. Following the transaction, the chief accounting officer now directly owns 17,215 shares of the company’s stock, valued at $1,430,222.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Lindsey S. Caplan sold 1,305 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $83.08, for a total value of $108,419.40. Following the sale, the chief accounting officer now directly owns 17,215 shares of the company’s stock, valued at $1,430,222.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brandon B. Boze sold 3,400,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $80.80, for a total value of $274,720,000.00. Following the completion of the sale, the director now directly owns 5,837,748 shares in the company, valued at $471,690,038.40. The disclosure for this sale can be found here. Insiders have sold 4,607,856 shares of company stock worth $376,671,359 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CBRE shares. Evercore ISI lowered their price target on CBRE Group from $94.00 to $91.00 and set an “outperform” rating for the company in a report on Monday. Raymond James reduced their price target on CBRE Group from $102.00 to $100.00 and set a “strong-buy” rating for the company in a research report on Friday, July 28th. Finally, StockNews.com initiated coverage on CBRE Group in a research report on Thursday, August 17th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.14.

CBRE Group Stock Down 0.9 %

Shares of CBRE Group stock traded down $0.75 on Friday, hitting $79.00. The company had a trading volume of 678,044 shares, compared to its average volume of 1,678,580. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 30.21 and a beta of 1.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average of $84.62 and a 200-day moving average of $78.78. CBRE Group, Inc. has a 1 year low of $66.31 and a 1 year high of $89.58.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. CBRE Group had a return on equity of 15.42% and a net margin of 2.74%. The firm had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.30 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 4.39 earnings per share for the current year.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services 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.