Obermeyer Wood Investment Counsel Lllp Invests $220,000 in CBRE Group, Inc. (NYSE:CBRE)

Obermeyer Wood Investment Counsel Lllp acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,366 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Apollon Wealth Management LLC lifted its position in CBRE Group by 1.7% in the 1st quarter. Apollon Wealth Management LLC now owns 9,436 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 155 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of CBRE Group by 0.3% during the 1st quarter. CIBC Asset Management Inc now owns 46,601 shares of the financial services provider’s stock worth $3,393,000 after buying an additional 159 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in shares of CBRE Group by 6.4% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after buying an additional 168 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of CBRE Group by 3.7% during the 1st quarter. NewEdge Advisors LLC now owns 5,092 shares of the financial services provider’s stock worth $371,000 after buying an additional 180 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in shares of CBRE Group by 57.4% during the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after buying an additional 182 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction 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 directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,592 shares of company stock worth $3,675,752. 0.53% of the stock is currently owned by company insiders.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $0.14 during mid-day trading on Friday, reaching $85.28. 205,210 shares of the company were exchanged, compared to its average volume of 1,626,646. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $26.18 billion, a PE ratio of 26.86 and a beta of 1.42. The company’s 50 day moving average price is $92.43 and its 200 day moving average price is $84.71.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. Sell-side analysts forecast that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CBRE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Raymond James raised their price target on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Finally, Evercore ISI lifted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group presently has an average rating of “Hold” and a consensus target price of $99.50.

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.