Prestige Wealth Management Group LLC Buys 3,807 Shares of CBRE Group, Inc. (NYSE:CBRE)

Prestige Wealth Management Group LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 17,304.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,829 shares of the financial services provider's stock after purchasing an additional 3,807 shares during the quarter. Prestige Wealth Management Group LLC's holdings in CBRE Group were worth $477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canton Hathaway LLC purchased a new stake in CBRE Group during the 3rd quarter worth approximately $27,000. American National Bank & Trust bought a new position in CBRE Group during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group during the 3rd quarter worth $32,000. Wolff Wiese Magana LLC increased its position 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 worth $36,000 after purchasing an additional 283 shares during the last quarter. 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore ISI boosted 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. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday. They issued a "buy" rating and a $176.00 price target on the stock. Five research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.63.

CBRE Group Price Performance

CBRE stock traded up $0.55 during trading hours on Tuesday, hitting $137.84. 598,613 shares of the stock traded hands, compared to its average volume of 1,680,075. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $130.52 and a 200 day simple moving average of $112.59. CBRE Group, Inc. has a one year low of $81.62 and a one year high of $142.00. The company has a market cap of $42.18 billion, a P/E ratio of 43.78 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating 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 business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the business earned $0.72 earnings per share. The business's quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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.