SRS Capital Advisors Inc. Purchases 711 Shares of CBRE Group, Inc. (NYSE:CBRE)

SRS Capital Advisors Inc. grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,418 shares of the financial services provider’s stock after purchasing an additional 711 shares during the quarter. SRS Capital Advisors Inc.’s holdings in CBRE Group were worth $1,435,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in CBRE Group by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after acquiring an additional 894,521 shares during the period. Eminence Capital LP purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $45,494,000. Harris Associates L P grew its holdings in shares of CBRE Group by 4.0% in the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after purchasing an additional 586,661 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of CBRE Group by 5.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,824,186 shares of the financial services provider’s stock worth $430,175,000 after buying an additional 294,954 shares during the period. Finally, FMR LLC boosted its position in CBRE Group by 3.1% during the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock valued at $699,157,000 after buying an additional 288,287 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a legal 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 company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred 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. In the last ninety days, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.54% of the stock is owned by insiders.

CBRE Group Stock Up 0.7 %

NYSE CBRE traded up $0.57 during trading hours on Thursday, reaching $86.84. 737,157 shares of the company’s stock traded hands, compared to its average volume of 1,622,816. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day simple moving average of $91.86 and a 200 day simple moving average of $85.69. The firm has a market cap of $26.66 billion, a PE ratio of 27.21 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period last year, the business earned $1.33 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CBRE. Raymond James raised their target price on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has an average rating of “Hold” and an average target price of $99.50.

CBRE Group Company 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.