Procyon Advisors LLC Buys 341 Shares of CBRE Group, Inc. (NYSE:CBRE)

Procyon Advisors LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,256 shares of the financial services provider’s stock after buying an additional 341 shares during the quarter. Procyon Advisors LLC’s holdings in CBRE Group were worth $675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Apollon Wealth Management LLC boosted its position in CBRE Group by 1.7% during the first quarter. Apollon Wealth Management LLC now owns 9,436 shares of the financial services provider’s stock valued at $687,000 after buying an additional 155 shares during the period. CIBC Asset Management Inc boosted its holdings in CBRE Group by 0.3% during the 1st quarter. CIBC Asset Management Inc now owns 46,601 shares of the financial services provider’s stock valued at $3,393,000 after acquiring an additional 159 shares during the period. Schechter Investment Advisors LLC grew its position in CBRE Group by 6.4% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 168 shares during the last quarter. Gilbert & Cook Inc. increased its stake in CBRE Group by 4.5% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,114 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 177 shares during the period. Finally, NewEdge Advisors LLC lifted its position in CBRE Group by 3.7% in the first quarter. NewEdge Advisors LLC now owns 5,092 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 180 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the company’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 owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,592 shares of company stock worth $3,675,752. 0.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Monday, February 19th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Evercore ISI downgraded CBRE Group from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $79.00 to $96.00 in a report on Wednesday, January 3rd. Finally, Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.33.

CBRE Group Stock Up 0.4 %

Shares of CBRE stock opened at $97.24 on Friday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The firm has a market capitalization of $29.73 billion, a PE ratio of 30.68 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. The stock’s 50-day simple moving average is $90.32 and its 200-day simple moving average is $83.09.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. The company had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Equities analysts expect that CBRE Group, Inc. will post 4.55 earnings per share for the current year.

CBRE Group Company 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.