2,255 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,255 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. increased its stake in shares of CBRE Group by 8.7% during the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 138 shares in the last quarter. First Horizon Advisors Inc. lifted its position in CBRE Group by 18.1% during the second quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after buying an additional 144 shares in the last quarter. Humankind Investments LLC boosted its position in shares of CBRE Group by 5.3% during the 4th quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 146 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in CBRE Group by 0.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock valued at $3,955,000 after purchasing an additional 149 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in CBRE Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 156 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRE has been the subject of a number of research analyst reports. Raymond James increased their price objective 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. UBS Group decreased their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $100.00 to $123.00 in a report on Friday, July 26th. Finally, Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.29.

CBRE Group Stock Up 3.7 %

NYSE:CBRE traded up $4.18 during trading hours on Friday, hitting $117.03. The stock had a trading volume of 1,637,954 shares, compared to its average volume of 1,656,356. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The business has a 50 day simple moving average of $99.85 and a two-hundred day simple moving average of $93.49. The company has a market cap of $35.91 billion, a PE ratio of 36.46 and a beta of 1.40. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $117.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. CBRE Group’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts predict that CBRE Group, Inc. will post 4.84 EPS for the current year.

Insider Activity at CBRE Group

In other news, COO Vikramaditya Kohli sold 1,074 shares of the company’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 transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s 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 completion of the transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The disclosure for this sale can be found here. Insiders sold a total of 17,232 shares of company stock valued at $1,912,087 over the last three months. 0.54% of the stock is owned by 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.