EdgeRock Capital LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

EdgeRock Capital LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 693 shares of the financial services provider’s stock, valued at approximately $59,000.

Several other institutional investors also recently modified their holdings of CBRE. Schechter Investment Advisors LLC grew its position in shares of CBRE Group by 6.4% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 168 shares in the last quarter. Greenfield Savings Bank grew its position in shares of CBRE Group by 4.2% during the 4th quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 184 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of CBRE Group by 0.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,989 shares of the financial services provider’s stock worth $2,067,000 after purchasing an additional 217 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of CBRE Group by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock worth $1,684,000 after acquiring an additional 219 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of CBRE Group by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 8,315 shares of the financial services provider’s stock worth $774,000 after acquiring an additional 243 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE remained flat at $86.51 on Wednesday. 1,249,899 shares of the company’s stock traded hands, compared to its average volume of 1,658,607. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.15. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The stock’s fifty day simple moving average is $91.54 and its 200-day simple moving average is $86.27. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of 26.95 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the prior year, the company posted $0.92 earnings per share. CBRE Group’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts expect that CBRE Group, Inc. will post 4.45 EPS for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Finally, Raymond James increased their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $99.50.

Insider Transactions at CBRE Group

In other news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 over the last three months. 0.54% of the stock is owned by company insiders.

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.