Wealth Enhancement Advisory Services LLC Buys 334 Shares of CBRE Group, Inc. (NYSE:CBRE)

Wealth Enhancement Advisory Services LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.0% in the third quarter, HoldingsChannel reports. The fund owned 17,055 shares of the financial services provider’s stock after acquiring an additional 334 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CBRE Group were worth $2,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers increased its position in CBRE Group by 500.1% during the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock worth $2,718,000 after acquiring an additional 23,290 shares during the period. Natixis raised its position in shares of CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after buying an additional 22,464 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of CBRE Group in the first quarter valued at approximately $1,118,000. Nordea Investment Management AB grew its position in CBRE Group by 1,730.4% during the first quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock worth $38,550,000 after buying an additional 372,870 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in CBRE Group by 14.1% during the 1st quarter. BNP Paribas Financial Markets now owns 486,795 shares of the financial services provider’s stock worth $47,336,000 after acquiring an additional 60,050 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods upped their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. 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 objective for the company. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James increased their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Evercore ISI boosted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

CBRE Group Trading Down 0.6 %

Shares of CBRE Group stock opened at $130.18 on Friday. The firm has a market capitalization of $39.84 billion, a PE ratio of 41.86 and a beta of 1.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $121.64 and its 200 day moving average is $103.77. CBRE Group, Inc. has a 1 year low of $71.09 and a 1 year high of $136.06.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Equities research analysts forecast that CBRE Group, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Daniel G. Queenan sold 10,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock valued at $2,839,047 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Profile

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.