Louisbourg Investments Inc. Has $4.26 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Louisbourg Investments Inc. increased its position in CBRE Group, Inc. (NYSE:CBRE) by 9.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,555 shares of the financial services provider’s stock after purchasing an additional 2,870 shares during the period. Louisbourg Investments Inc.’s holdings in CBRE Group were worth $4,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of CBRE Group during the fourth quarter valued at $36,643,000. LPL Financial LLC grew its stake in CBRE Group by 69.1% during the 4th quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider’s stock valued at $9,172,000 after acquiring an additional 28,547 shares in the last quarter. Allworth Financial LP increased its holdings in shares of CBRE Group by 47.2% in the 4th quarter. Allworth Financial LP now owns 636 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 204 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of CBRE Group by 11.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 487,133 shares of the financial services provider’s stock worth $63,956,000 after purchasing an additional 51,964 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of CBRE Group by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,309 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 818 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,972 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer now owns 105,371 shares in the company, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider now owns 27,945 shares in the company, valued at $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,599 shares of company stock valued at $333,600 over the last ninety days. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Morgan Stanley restated an “overweight” rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group cut their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.33.

CBRE Group Stock Up 0.7%

CBRE opened at $133.96 on Tuesday. The firm has a market cap of $39.93 billion, a price-to-earnings ratio of 42.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm’s 50-day simple moving average is $124.60 and its 200-day simple moving average is $130.97. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. 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 firm earned $0.78 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

About CBRE Group

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.