Eads & Heald Wealth Management Trims Stake in CBRE Group, Inc. (NYSE:CBRE)

Eads & Heald Wealth Management reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,853 shares of the financial services provider’s stock after selling 776 shares during the quarter. Eads & Heald Wealth Management’s holdings in CBRE Group were worth $1,102,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CBRE. Wealth Enhancement Advisory Services LLC increased its position in shares of CBRE Group by 20.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the financial services provider’s stock valued at $1,480,000 after buying an additional 2,615 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of CBRE Group by 39.0% in the first quarter. First Trust Direct Indexing L.P. now owns 8,273 shares of the financial services provider’s stock valued at $804,000 after buying an additional 2,323 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of CBRE Group by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 10,700 shares of the financial services provider’s stock valued at $1,041,000 after buying an additional 242 shares in the last quarter. Van ECK Associates Corp increased its position in shares of CBRE Group by 1.6% in the first quarter. Van ECK Associates Corp now owns 19,026 shares of the financial services provider’s stock valued at $1,850,000 after buying an additional 305 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of CBRE Group by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,355 shares of the financial services provider’s stock valued at $8,689,000 after buying an additional 1,869 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 0.6 %

Shares of CBRE opened at $130.18 on Friday. The stock has a fifty day simple moving average of $121.64 and a two-hundred day simple moving average of $103.64. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $39.84 billion, a PE ratio of 41.86 and a beta of 1.40. CBRE Group, Inc. has a 52-week low of $71.09 and a 52-week high of $136.06.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (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 during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period last year, the business earned $0.72 earnings per share. CBRE Group’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that CBRE Group, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 51,244 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 51,244 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,232 shares of company stock worth $2,839,047. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James boosted their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Morgan Stanley initiated coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday. Evercore ISI upped their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $116.83.

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.