D.A. Davidson & CO. Has $2.21 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

D.A. Davidson & CO. boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,728 shares of the financial services provider’s stock after purchasing an additional 926 shares during the period. D.A. Davidson & CO.’s holdings in CBRE Group were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. Cary Street Partners Investment Advisory LLC lifted its position in CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the period. Headinvest LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $44,000. Turtle Creek Wealth Advisors LLC bought a new position in CBRE Group in the fourth quarter valued at approximately $45,000. Bruce G. Allen Investments LLC acquired a new stake in CBRE Group in the fourth quarter valued at about $48,000. Finally, Planned Solutions Inc. bought a new position in CBRE Group in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBRE. Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Finally, StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $99.50.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $0.15 on Friday, hitting $87.50. 999,532 shares of the company traded hands, compared to its average volume of 1,659,673. The stock has a market capitalization of $26.85 billion, a P/E ratio of 27.26 and a beta of 1.44. The business has a 50-day simple moving average of $90.63 and a 200 day simple moving average of $87.85. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. Research analysts expect that CBRE Group, Inc. will post 4.49 earnings per share 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.