Friedenthal Financial Acquires New Position in CBRE Group, Inc. (NYSE:CBRE)

Friedenthal Financial acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,596 shares of the financial services provider's stock, valued at approximately $821,000.

Several other large investors have also made changes to their positions in CBRE. American National Bank & Trust acquired a new position in CBRE Group in the 3rd quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. raised its stake in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after buying an additional 215 shares during the period. Crewe Advisors LLC acquired a new stake in CBRE Group during the 1st quarter worth $30,000. Wolff Wiese Magana LLC raised its stake in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the transaction, the chief financial officer now directly owns 71,969 shares in the company, valued at approximately $7,836,704.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Christopher T. Jenny sold 10,847 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the transaction, the director now directly owns 51,244 shares of the company's stock, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 3,311 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $360,534.79. Following the transaction, the chief financial officer now directly owns 71,969 shares of the company's stock, valued at $7,836,704.41. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,232 shares of company stock worth $3,058,787. Corporate insiders own 0.54% of the company's stock.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $0.75 during mid-day trading on Friday, reaching $125.68. 1,509,719 shares of the company were exchanged, compared to its average volume of 1,631,721. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $125.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $38.56 billion, a PE ratio of 39.15 and a beta of 1.40. The company's 50 day moving average price is $118.16 and its 200 day moving average price is $101.20.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts forecast that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CBRE shares. Evercore ISI raised their price objective on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price target on the stock. UBS Group cut their price objective on shares of CBRE Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 3rd. Finally, Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $113.83.

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.