Vontobel Holding Ltd. Acquires 4,138 Shares of CBRE Group, Inc. (NYSE:CBRE)

Vontobel Holding Ltd. lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,053 shares of the financial services provider’s stock after buying an additional 4,138 shares during the period. Vontobel Holding Ltd.’s holdings in CBRE Group were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its stake 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 worth $687,000 after buying an additional 155 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 worth $3,393,000 after acquiring an additional 159 shares during the period. Schechter Investment Advisors LLC boosted its position in shares of 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 in the last quarter. NewEdge Advisors LLC increased its stake 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 acquiring an additional 180 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its position in CBRE Group by 57.4% during the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of a number of research analyst reports. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Evercore ISI raised their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Finally, Raymond James lifted their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Five research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Stock Performance

Shares of CBRE stock opened at $84.90 on Friday. The firm has a market capitalization of $26.06 billion, a price-to-earnings ratio of 26.78 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $92.40 and its 200-day moving average price is $84.79. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business earned $1.33 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts forecast that CBRE Group, Inc. will post 4.44 EPS for the current year.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on 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 directly owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,592 shares of company stock valued at $3,675,752. Insiders own 0.53% of the company’s stock.

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.