225,502 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 225,502 shares of the financial services provider’s stock, valued at approximately $20,094,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new position in shares of CBRE Group during the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of CBRE Group by 44.8% during the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after buying an additional 165 shares during the period. EdgeRock Capital LLC acquired a new position in CBRE Group in the 2nd quarter valued at about $75,000. Spartan Planning & Wealth Management acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $78,000. Finally, Rothschild Investment LLC purchased a new position in CBRE Group in the 2nd quarter valued at approximately $80,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value of $116,947.86. Following the completion of the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at $24,894,168.98. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock worth $3,058,787 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CBRE. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their target price for the company from $100.00 to $123.00 in a report on Friday, July 26th. 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. Keefe, Bruyette & Woods upped their price target on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group Stock Up 1.0 %

Shares of CBRE stock opened at $118.66 on Monday. The stock has a market cap of $36.41 billion, a PE ratio of 36.97 and a beta of 1.40. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $119.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. The business’s fifty day moving average is $108.09 and its 200-day moving average is $96.35.

CBRE Group (NYSE:CBRE) last posted its quarterly 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 business had revenue of $8.39 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. Equities analysts expect that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

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.