Hudson Valley Investment Advisors Inc. ADV Invests $1.52 Million in CBRE Group, Inc. (NYSE:CBRE)

Hudson Valley Investment Advisors Inc. ADV acquired a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,563 shares of the financial services provider's stock, valued at approximately $1,518,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRE. FMR LLC raised its position in shares of CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock valued at $944,435,000 after buying an additional 3,498,244 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock worth $329,320,000 after purchasing an additional 993,963 shares in the last quarter. State Street Corp grew its stake in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after buying an additional 692,697 shares during the last quarter. Eminence Capital LP increased its holdings in shares of CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after buying an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of CBRE Group during the second quarter worth approximately $36,820,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CBRE. Evercore ISI raised their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company's stock.

CBRE Group Stock Down 4.6 %

CBRE traded down $6.01 during trading on Friday, hitting $123.77. The company had a trading volume of 2,800,664 shares, compared to its average volume of 1,664,227. The firm's 50-day moving average price is $133.67 and its 200 day moving average price is $119.61. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $142.00. The company has a market capitalization of $37.88 billion, a PE ratio of 39.80 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

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.