Mercer Global Advisors Inc. ADV Grows Holdings in CBRE Group, Inc. (NYSE:CBRE)

Mercer Global Advisors Inc. ADV lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,338 shares of the financial services provider’s stock after acquiring an additional 7,032 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in CBRE Group were worth $7,426,000 as of its most recent SEC filing.

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

CBRE Group Trading Down 0.7 %

Shares of CBRE stock opened at $121.60 on Friday. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $122.59. The stock has a market cap of $37.31 billion, a price-to-earnings ratio of 37.88 and a beta of 1.40. The company’s 50-day moving average price is $111.03 and its 200-day moving average price is $97.27. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $0.69 by $0.12. The business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price for the company. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $100.00 to $123.00 in a research note on Friday, July 26th. Five 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 stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $112.33.

Insiders Place Their Bets

In other news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. The disclosure for this sale can be found here. Insiders sold a total of 27,232 shares of company stock valued at $3,058,787 over the last quarter. 0.54% of the stock is owned by insiders.

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.