TriaGen Wealth Management LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,810 shares of the financial services provider’s stock, valued at approximately $4,457,000. CBRE Group accounts for 1.4% of TriaGen Wealth Management LLC’s portfolio, making the stock its 15th largest holding.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Merit Financial Group LLC boosted its holdings in CBRE Group by 82.5% in the 1st quarter. Merit Financial Group LLC now owns 3,559 shares of the financial services provider’s stock worth $465,000 after buying an additional 1,609 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after buying an additional 266 shares in the last quarter. Gateway Investment Advisers LLC bought a new stake in CBRE Group during the first quarter valued at about $625,000. Finally, Wedmont Private Capital lifted its position in shares of CBRE Group by 7.6% in the first quarter. Wedmont Private Capital now owns 4,031 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
CBRE Group Stock Down 1.7%
Shares of NYSE:CBRE opened at $153.47 on Tuesday. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 42.99 and a beta of 1.36. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $159.79 and a 200 day moving average price of $140.30.
Insider Activity at CBRE Group
In related news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares of the company’s stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,494 shares of company stock worth $857,593. Company insiders own 0.42% of the company’s stock.
Analyst Upgrades and Downgrades
CBRE has been the subject of several research analyst reports. UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Saturday, September 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.22.
Get Our Latest Stock Report on CBRE
CBRE Group 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.
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