Summit Trail Advisors LLC Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Summit Trail Advisors LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 35.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,356 shares of the financial services provider’s stock after buying an additional 1,142 shares during the period. Summit Trail Advisors LLC’s holdings in CBRE Group were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Private Trust Co. NA grew its stake in CBRE Group by 58.5% during the fourth quarter. Private Trust Co. NA now owns 1,087 shares of the financial services provider’s stock worth $143,000 after buying an additional 401 shares during the period. Fisher Asset Management LLC grew its stake in CBRE Group by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 44,916 shares of the financial services provider’s stock worth $5,897,000 after buying an additional 163 shares during the period. Jones Financial Companies Lllp increased its position in shares of CBRE Group by 73.8% in the fourth quarter. Jones Financial Companies Lllp now owns 4,610 shares of the financial services provider’s stock worth $605,000 after acquiring an additional 1,957 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group in the 4th quarter valued at $25,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

CBRE stock opened at $142.52 on Thursday. The stock’s 50 day moving average is $129.17 and its two-hundred day moving average is $131.04. CBRE Group, Inc. has a 52-week low of $86.19 and a 52-week high of $147.75. The company has a market capitalization of $42.49 billion, a PE ratio of 43.58 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

CBRE Group (NYSE:CBRE) last released its earnings results 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. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upped their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Morgan Stanley reiterated 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. Keefe, Bruyette & Woods raised their target price on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.11.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,497 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $209,580.00. Following the sale, the chief accounting officer directly owned 28,211 shares of the company’s stock, valued at $3,949,540. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares in the company, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,031 shares of company stock worth $814,080 over the last 90 days. Insiders own 0.42% 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.