Blair William & Co. IL Lowers Stake in CBRE Group, Inc. (NYSE:CBRE)

Blair William & Co. IL lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,477 shares of the financial services provider’s stock after selling 172 shares during the quarter. Blair William & Co. IL’s holdings in CBRE Group were worth $399,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in CBRE Group in the first quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its stake in CBRE Group by 44.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 165 shares during the period. EdgeRock Capital LLC acquired a new stake in CBRE Group in the 2nd quarter valued at $75,000. Spartan Planning & Wealth Management purchased a new stake in CBRE Group in the 4th quarter worth $78,000. Finally, Rothschild Investment LLC acquired a new position in CBRE Group during the second quarter worth $80,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. Raymond James boosted their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. UBS Group decreased their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Morgan Stanley initiated coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.33.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the sale, the chief financial officer now owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now directly owns 71,969 shares in the company, valued at approximately $7,836,704.41. The disclosure for this sale can be found here. Insiders have sold 27,232 shares of company stock valued at $3,058,787 over the last ninety days. Company insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $123.53 on Friday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $124.06. The firm has a market capitalization of $37.90 billion, a PE ratio of 38.48 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $112.56 and a 200-day simple moving average of $97.92.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share 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.