Sfmg LLC Has $4.19 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sfmg LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,995 shares of the financial services provider’s stock after purchasing an additional 519 shares during the period. Sfmg LLC’s holdings in CBRE Group were worth $4,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Cetera Investment Advisers boosted its holdings in shares of CBRE Group by 500.1% in the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock valued at $2,718,000 after buying an additional 23,290 shares during the last quarter. Natixis raised its holdings in shares of CBRE Group by 69.0% in the 1st quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 22,464 shares during the period. Quantbot Technologies LP acquired a new stake in CBRE Group in the 1st quarter valued at about $1,118,000. Nordea Investment Management AB grew its holdings in CBRE Group by 1,730.4% during the first quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock worth $38,550,000 after purchasing an additional 372,870 shares during the period. Finally, Fisher Asset Management LLC increased its position in CBRE Group by 103.8% during the fourth quarter. Fisher Asset Management LLC now owns 44,065 shares of the financial services provider’s stock worth $4,102,000 after buying an additional 22,442 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CBRE shares. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Raymond James raised their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and increased their price target for the company from $100.00 to $123.00 in a report on Friday, July 26th. Five investment 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.33.

Insider Buying and Selling

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

CBRE Group Price Performance

CBRE Group stock opened at $123.36 on Wednesday. The stock’s fifty day moving average price is $112.07 and its two-hundred day moving average price is $97.75. The firm has a market cap of $37.85 billion, a PE ratio of 38.43 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. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $123.59.

CBRE Group (NYSE:CBRE) last posted its quarterly 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 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%. CBRE Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. As a group, research analysts expect that CBRE Group, Inc. will post 4.81 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.