Ariadne Wealth Management LP Takes $101,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Ariadne Wealth Management LP acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,132 shares of the financial services provider’s stock, valued at approximately $101,000.

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in CBRE Group during the 1st quarter worth approximately $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 acquiring an additional 215 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in CBRE Group by 44.8% during the 1st 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 bought a new stake in CBRE Group during the 2nd quarter worth approximately $75,000. Finally, Spartan Planning & Wealth Management bought a new stake in CBRE Group during the 4th quarter worth approximately $78,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CBRE shares. Raymond James increased their price objective 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. Morgan Stanley started coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. UBS Group decreased their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $100.00 to $123.00 in a research report on Friday, July 26th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.33.

Insider Buying and Selling

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group 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 transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group 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 transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of CBRE Group stock in a transaction dated 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 quarter, insiders have sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE stock opened at $123.71 on Wednesday. The business’s fifty day moving average is $114.60 and its 200-day moving average is $98.80. 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 company has a market cap of $37.96 billion, a P/E ratio of 38.54 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $124.97.

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. 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 firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current 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.