2,061 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Marcum Wealth LLC

Marcum Wealth LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,061 shares of the financial services provider’s stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC increased its holdings in shares of CBRE Group by 2.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 96 shares during the period. Studio Investment Management LLC increased its holdings in shares of CBRE Group by 2.5% in the 2nd quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 135 shares during the period. Mather Group LLC. increased its holdings in shares of CBRE Group by 8.7% in the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 138 shares during the period. Rathbones Group PLC increased its holdings in shares of CBRE Group by 3.0% in the 2nd quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 140 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of CBRE Group by 18.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 144 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of CBRE stock opened at $121.96 on Friday. The company has a market capitalization of $37.42 billion, a P/E ratio of 37.99 and a beta of 1.40. The business’s 50 day moving average is $116.31 and its two-hundred day moving average is $100.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $125.43.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the topic of a number of analyst reports. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James boosted their target price on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Morgan Stanley started coverage on CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. UBS Group dropped their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, Evercore ISI boosted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Five investment 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 company’s stock. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $113.83.

Insider Buying and Selling 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 stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the transaction, the chief financial officer now owns 71,969 shares of the company’s stock, valued at $7,836,704.41. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. 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 can be accessed through this link. Also, 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 completion of the sale, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 over the last quarter. 0.54% of the stock is currently owned by insiders.

About CBRE Group

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.