First Trust Direct Indexing L.P. Buys 1,295 Shares of CBRE Group, Inc. (NYSE:CBRE)

First Trust Direct Indexing L.P. boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 27.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,950 shares of the financial services provider’s stock after purchasing an additional 1,295 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in CBRE Group were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mission Wealth Management LP purchased a new stake in CBRE Group in the fourth quarter valued at about $201,000. Kestra Private Wealth Services LLC acquired a new stake in CBRE Group in the 4th quarter worth approximately $300,000. Gilbert & Cook Inc. grew its position in CBRE Group by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 6,081 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 322 shares during the last quarter. Headlands Technologies LLC increased its stake in CBRE Group by 44.7% during the 4th quarter. Headlands Technologies LLC now owns 1,486 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 459 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of CBRE Group in the fourth quarter worth $204,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO John E. Durburg sold 25,000 shares of the firm’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 transaction, 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 SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,667 shares of the 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 approximately $6,766,895.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,592 shares of company stock worth $3,675,752. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several research reports. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price for the company. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Price Performance

NYSE:CBRE opened at $86.61 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The stock’s 50-day moving average price is $91.70 and its 200-day moving average price is $86.01. The stock has a market capitalization of $26.58 billion, a PE ratio of 26.98 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

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.