SG Americas Securities LLC Has $9.74 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

SG Americas Securities LLC grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 26.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,502 shares of the financial services provider’s stock after buying an additional 15,756 shares during the period. SG Americas Securities LLC’s holdings in CBRE Group were worth $9,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Simplicity Wealth LLC lifted its position in shares of CBRE Group by 9.3% in the first quarter. Simplicity Wealth LLC now owns 2,068 shares of the financial services provider’s stock worth $270,000 after buying an additional 176 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of CBRE Group by 60.5% in the first quarter. GAMMA Investing LLC now owns 9,875 shares of the financial services provider’s stock worth $1,291,000 after buying an additional 3,722 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of CBRE Group in the first quarter worth about $813,000. Pallas Capital Advisors LLC acquired a new stake in shares of CBRE Group in the first quarter worth about $559,000. Finally, OLD National Bancorp IN lifted its position in shares of CBRE Group by 29.4% in the first quarter. OLD National Bancorp IN now owns 2,270 shares of the financial services provider’s stock worth $297,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CBRE. Keefe, Bruyette & Woods increased their target price on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. UBS Group cut their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Morgan Stanley cut their price target on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $133.84 on Thursday. The business has a fifty day simple moving average of $123.44 and a 200 day simple moving average of $131.22. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $39.90 billion, a price-to-earnings ratio of 42.62 and a beta of 1.29. CBRE Group, Inc. has a one year low of $85.74 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,599 shares of company stock valued at $584,980. 0.42% of the stock is currently owned by company insiders.

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.