CBRE Group, Inc. $CBRE Stock Position Lifted by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 10,860.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,836 shares of the financial services provider’s stock after purchasing an additional 3,801 shares during the period. Prestige Wealth Management Group LLC’s holdings in CBRE Group were worth $520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. Fidelis Capital Partners LLC grew its position in CBRE Group by 1.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,408 shares of the financial services provider’s stock valued at $709,000 after buying an additional 59 shares in the last quarter. Community Bank & Trust Waco Texas raised its position in shares of CBRE Group by 0.5% during the 4th quarter. Community Bank & Trust Waco Texas now owns 14,693 shares of the financial services provider’s stock worth $2,362,000 after buying an additional 70 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of CBRE Group by 0.7% during the 4th quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 70 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in shares of CBRE Group by 16.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 505 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 71 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of CBRE Group by 1.7% in the 3rd quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 71 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Evercore set a $169.00 target price on CBRE Group in a research report on Tuesday, June 30th. Barclays upped their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, UBS Group reiterated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $178.86.

CBRE Group Stock Performance

NYSE:CBRE opened at $137.16 on Thursday. The company has a 50-day moving average of $134.10 and a 200-day moving average of $144.20. The firm has a market cap of $40.16 billion, a price-to-earnings ratio of 31.24 and a beta of 1.20. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts forecast that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.