CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,541,686 shares of the financial services provider’s stock after purchasing an additional 118,251 shares during the quarter. Sei Investments Co. owned 0.50% of CBRE Group worth $137,380,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in shares of CBRE Group in the first quarter worth $30,000. Benjamin F. Edwards & Company Inc. grew its position in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of CBRE Group by 44.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after buying an additional 165 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of CBRE Group in the 2nd quarter valued at about $75,000. Finally, Spartan Planning & Wealth Management purchased a new stake in shares of CBRE Group in the fourth quarter worth about $78,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the transaction, the chief financial officer now owns 71,969 shares in the company, valued at $7,836,704.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is owned by insiders.

CBRE Group Stock Down 0.7 %

CBRE stock opened at $121.60 on Friday. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $122.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $111.03 and a 200-day simple moving average of $97.27. The stock has a market capitalization of $37.31 billion, a P/E ratio of 37.88 and a beta of 1.40.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CBRE shares. Raymond James lifted their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Morgan Stanley started coverage on shares of CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. UBS Group cut their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five equities 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.33.

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.