StoneRidge PMG Advisors LLC Makes New $531,000 Investment in CBRE Group, Inc. $CBRE

StoneRidge PMG Advisors LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,131 shares of the financial services provider’s stock, valued at approximately $531,000.

Other large investors have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in CBRE Group during the first quarter worth $30,000. Cassaday & Co Wealth Management LLC bought a new position in CBRE Group during the first quarter valued at about $33,000. Brown Lisle Cummings Inc. raised its holdings in CBRE Group by 511.9% during the third quarter. Brown Lisle Cummings Inc. now owns 257 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of CBRE Group in the second quarter worth about $39,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of CBRE Group in the third quarter worth about $41,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on CBRE Group from $188.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. JPMorgan Chase & Co. reduced their target price on CBRE Group from $190.00 to $186.00 in a report on Tuesday, October 13th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, UBS Group upped their target price on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.78.

CBRE Group Stock Down 0.1%

CBRE Group stock opened at $135.38 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 1.17. CBRE Group, Inc. has a fifty-two week low of $121.44 and a fifty-two week high of $174.27. The firm has a fifty day moving average price of $135.04 and a two-hundred day moving average price of $141.18. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of 28.99 and a beta of 1.24.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.09. The company had revenue of $11.52 billion for the quarter, compared to the consensus estimate of $11.81 billion. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. As a group, analysts forecast that CBRE Group, Inc. will post 7.76 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, insider Chad Doellinger sold 228 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares in the company, valued at $6,195,259.62. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the sale, the chief financial officer directly owned 108,479 shares in the company, valued at $16,086,350.91. This trade represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

About CBRE Group

CBRE Group, Inc is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing.

The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.

CBRE traces its roots to a real estate business established in San Francisco in 1906.