5,354 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Copperwynd Financial LLC

Copperwynd Financial LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,354 shares of the financial services provider's stock, valued at approximately $703,000.

Several other hedge funds have also recently made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group in the 4th quarter valued at $25,000. Canton Hathaway LLC acquired a new stake in CBRE Group in the 3rd quarter worth about $27,000. Denver PWM LLC acquired a new stake in CBRE Group in the 4th quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the 3rd quarter worth about $32,000. Finally, Larson Financial Group LLC boosted its holdings in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after buying an additional 281 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Up 1.9 %

CBRE traded up $2.42 during mid-day trading on Wednesday, hitting $128.73. 2,341,129 shares of the stock were exchanged, compared to its average volume of 1,663,546. The firm's fifty day moving average is $137.24 and its two-hundred day moving average is $131.46. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $38.62 billion, a PE ratio of 41.00 and a beta of 1.42.

Remove Ads

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. 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 objective for the company. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Morgan Stanley raised their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

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.