Profund Advisors LLC Has $416,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Profund Advisors LLC boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.2% in the second quarter, HoldingsChannel reports. The firm owned 4,671 shares of the financial services provider’s stock after acquiring an additional 187 shares during the period. Profund Advisors LLC’s holdings in CBRE Group were worth $416,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its position in shares of CBRE Group by 190.3% during the second 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 in the last quarter. Crewe Advisors LLC bought a new position in CBRE Group during the first quarter worth about $30,000. EverSource Wealth Advisors LLC grew its stake in CBRE Group by 44.8% in the first 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 bought a new stake in shares of CBRE Group in the second quarter worth about $75,000. Finally, Spartan Planning & Wealth Management acquired a new stake in shares of CBRE Group during the fourth quarter worth about $78,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 3,311 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 value of $360,534.79. Following the completion of the transaction, the chief financial officer now owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 3,311 shares of CBRE Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the transaction, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at $7,836,704.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,232 shares of company stock worth $3,058,787. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

CBRE has been the subject of a number of research reports. Raymond James increased their target price 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 dropped their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped 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. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.33.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $123.53 on Friday. 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 moving average of $112.56 and a 200-day moving average of $97.92. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 38.48 and a beta of 1.40. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $124.06.

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

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.