Benjamin F. Edwards & Company Inc. Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Benjamin F. Edwards & Company Inc. boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 190.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 328 shares of the financial services provider’s stock after purchasing an additional 215 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in CBRE Group were worth $29,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CBRE. Crewe Advisors LLC bought a new stake in CBRE Group during the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC increased 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 last quarter. EdgeRock Capital LLC bought a new position in CBRE Group in the second quarter valued at $75,000. Spartan Planning & Wealth Management bought a new position in CBRE Group in the fourth quarter valued at $78,000. Finally, Rothschild Investment LLC bought a new position in CBRE Group in the second quarter valued at $80,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the firm’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 directly owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the firm’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 directly owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 3,311 shares of the firm’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 $360,534.79. Following the completion of the sale, the chief financial officer now owns 71,969 shares of the company’s stock, valued at $7,836,704.41. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock worth $3,058,787 over the last three months. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. 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 research note on Thursday, August 1st. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $100.00 to $123.00 in a research report on Friday, July 26th. Finally, Raymond James upped their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.33.

CBRE Group Stock Performance

CBRE Group stock opened at $123.17 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $113.60 and a 200-day moving average of $98.30. The firm has a market cap of $37.79 billion, a P/E ratio of 38.37 and a beta of 1.40. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $124.15.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. CBRE Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Sell-side analysts expect 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.