Aaron Wealth Advisors LLC Invests $232,000 in CBRE Group, Inc. (NYSE:CBRE)

Aaron Wealth Advisors LLC acquired a new position in CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,862 shares of the financial services provider’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new position in shares of CBRE Group in the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of 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 last quarter. Crewe Advisors LLC acquired a new position in shares of CBRE Group during the 1st quarter worth approximately $30,000. Wolff Wiese Magana LLC boosted its holdings in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Vikramaditya Kohli sold 1,074 shares of the business’s 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 sale, the chief operating officer now owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 over the last ninety days. 0.54% of the stock is owned by insiders.

CBRE Group Stock Up 0.6 %

CBRE stock opened at $125.68 on Monday. 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 firm has a market cap of $38.56 billion, a PE ratio of 39.15 and a beta of 1.40. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $125.98. The firm has a 50 day simple moving average of $118.16 and a 200 day simple moving average of $101.24.

CBRE Group (NYSE:CBRE) last released 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 net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter last year, the firm earned $0.82 EPS. CBRE Group’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts forecast that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on CBRE shares. UBS Group decreased their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Morgan Stanley assumed coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $113.83.

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.