Acadian Asset Management LLC Buys Shares of 7,375 CBRE Group, Inc. (NYSE:CBRE)

Acadian Asset Management LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the second quarter, HoldingsChannel.com reports. The fund purchased 7,375 shares of the financial services provider’s stock, valued at approximately $656,000.

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

Analyst Ratings Changes

Several research firms recently weighed in on CBRE. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James raised their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. UBS Group cut their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Five equities research 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.29.

CBRE Group Trading Down 1.1 %

NYSE:CBRE opened at $118.17 on Wednesday. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $120.79. The company has a market cap of $36.26 billion, a PE ratio of 36.81 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day moving average of $109.30 and a 200-day moving average of $96.72.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s quarterly revenue 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. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at $1,824,501.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,232 shares of company stock worth $3,058,787. Corporate insiders own 0.54% of the company’s stock.

About CBRE Group

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.