CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Ieq Capital LLC

Ieq Capital LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,775 shares of the financial services provider’s stock after purchasing an additional 3,126 shares during the period. Ieq Capital LLC’s holdings in CBRE Group were worth $2,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CBRE. Crewe Advisors LLC acquired a new stake in CBRE Group in the 1st quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of CBRE Group by 44.8% in the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 165 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of CBRE Group during the second quarter worth approximately $75,000. Spartan Planning & Wealth Management acquired a new position in CBRE Group in the 4th quarter valued at $78,000. Finally, Rothschild Investment LLC purchased a new position in CBRE Group in the 2nd quarter valued at $80,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 0.7 %

Shares of NYSE CBRE opened at $121.60 on Friday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $122.59. The company has a market capitalization of $37.31 billion, a P/E ratio of 37.88 and a beta of 1.40. The company has a 50 day simple moving average of $111.03 and a 200-day simple moving average of $97.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion for 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 quarter in the previous year, the business earned $0.82 earnings per share. On average, equities research analysts predict that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CBRE. Raymond James increased their target price on shares of 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 increased their price objective 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. UBS Group lowered their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley initiated coverage on CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given 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 a consensus target price of $112.33.

Insider Activity at CBRE Group

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,232 shares of company stock worth $3,058,787. Company insiders own 0.54% of the company’s stock.

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.