2,262 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by Ascent Group LLC

Ascent Group LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,262 shares of the financial services provider's stock, valued at approximately $297,000.

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Several other institutional investors also recently bought and sold shares of CBRE. Janney Montgomery Scott LLC grew its position in CBRE Group by 37.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,289 shares of the financial services provider's stock valued at $695,000 after acquiring an additional 1,429 shares in the last quarter. Brighton Jones LLC grew its position in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after acquiring an additional 11,065 shares in the last quarter. Exchange Traded Concepts LLC grew its position in CBRE Group by 444.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,397 shares of the financial services provider's stock valued at $446,000 after acquiring an additional 2,773 shares in the last quarter. Blue Trust Inc. grew its position in CBRE Group by 25.2% in the 4th quarter. Blue Trust Inc. now owns 11,752 shares of the financial services provider's stock valued at $1,463,000 after acquiring an additional 2,367 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in CBRE Group in the 4th quarter valued at about $7,549,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer now owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,396 shares of company stock worth $685,649. 0.42% of the stock is owned by insiders.

CBRE Group Price Performance

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CBRE stock opened at $123.80 on Wednesday. The business has a 50 day moving average price of $123.97 and a 200 day moving average price of $131.64. The stock has a market cap of $36.90 billion, a price-to-earnings ratio of 39.43 and a beta of 1.30. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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CBRE has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley decreased their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. UBS Group decreased their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $149.22.

View Our Latest Stock Report on CBRE Group

About CBRE Group

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.

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