CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 11.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,433 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in CBRE Group were worth $599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in CBRE Group during the 4th quarter worth approximately $844,000. AJOVista LLC purchased a new stake in CBRE Group during the 4th quarter worth approximately $208,000. SG Americas Securities LLC increased its holdings in CBRE Group by 795.4% during the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after purchasing an additional 125,071 shares during the last quarter. DNB Asset Management AS increased its holdings in CBRE Group by 37.9% during the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after purchasing an additional 35,386 shares during the last quarter. Finally, Advisor Resource Council purchased a new stake in CBRE Group during the 4th quarter worth approximately $1,083,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.81 during trading on Wednesday, reaching $89.61. The stock had a trading volume of 1,370,008 shares, compared to its average volume of 1,655,676. The stock has a market cap of $27.49 billion, a PE ratio of 27.92 and a beta of 1.44. The firm’s 50 day moving average price is $90.95 and its two-hundred day moving average price is $87.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. On average, research analysts forecast that CBRE Group, Inc. will post 4.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction on Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CBRE shares. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Five equities 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 stock. According to data from MarketBeat, the stock currently has a consensus 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.