Equitable Trust Co. Purchases 990 Shares of CBRE Group, Inc. (NYSE:CBRE)

Equitable Trust Co. increased its position in CBRE Group, Inc. (NYSE:CBRE) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,339 shares of the financial services provider’s stock after purchasing an additional 990 shares during the quarter. Equitable Trust Co.’s holdings in CBRE Group were worth $3,416,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

CBRE has been the subject of a number of research reports. Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $100.00 to $123.00 in a research report on Friday, July 26th. UBS Group reduced 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. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley assumed coverage on CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.29.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $0.52 on Friday, hitting $115.14. 2,789,242 shares of the company were exchanged, compared to its average volume of 1,276,787. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 35.87 and a beta of 1.40. The company has a 50-day moving average price of $102.49 and a 200 day moving average price of $94.58. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $118.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $8.39 billion for the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. As a group, sell-side analysts predict that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Lindsey S. Caplan sold 2,000 shares of the company’s 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 owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,232 shares of company stock worth $1,912,087. Insiders own 0.54% of the company’s stock.

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.