Ellerson Group Inc. ADV Sells 490 Shares of CBRE Group, Inc. (NYSE:CBRE)

Ellerson Group Inc. ADV reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 17.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,300 shares of the financial services provider’s stock after selling 490 shares during the quarter. Ellerson Group Inc. ADV’s holdings in CBRE Group were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CBRE. Gilbert & Cook Inc. boosted its stake in shares of CBRE Group by 5.6% in the fourth quarter. Gilbert & Cook Inc. now owns 6,081 shares of the financial services provider’s stock valued at $566,000 after buying an additional 322 shares during the period. Private Advisor Group LLC lifted its stake in CBRE Group by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 8,315 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 243 shares during the last quarter. Gryphon Financial Partners LLC bought a new stake in CBRE Group during the fourth quarter worth $240,000. Principal Securities Inc. bought a new stake in CBRE Group during the fourth quarter worth $844,000. Finally, BNP Paribas Financial Markets lifted its stake in CBRE Group by 47.0% during the fourth quarter. BNP Paribas Financial Markets now owns 426,745 shares of the financial services provider’s stock worth $39,726,000 after purchasing an additional 136,457 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the 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 transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock worth $3,058,787 over the last three months. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent analyst reports. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. UBS Group cut their target price 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. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. Keefe, Bruyette & Woods upped their target price 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. Finally, Morgan Stanley initiated coverage on CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price for the company. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group Stock Performance

NYSE CBRE opened at $115.26 on Tuesday. The company has a market capitalization of $35.32 billion, a price-to-earnings ratio of 35.91 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $118.39. The stock has a fifty day simple moving average of $105.67 and a 200 day simple moving average of $95.59. 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 posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business 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%. CBRE Group’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Sell-side analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current 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.