Azzad Asset Management Inc. ADV Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Azzad Asset Management Inc. ADV raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,994 shares of the financial services provider’s stock after buying an additional 1,748 shares during the period. Azzad Asset Management Inc. ADV’s holdings in CBRE Group were worth $3,207,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of CBRE Group by 10.8% during the 2nd quarter. Signaturefd LLC now owns 4,729 shares of the financial services provider’s stock valued at $421,000 after buying an additional 462 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in CBRE Group by 0.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 62,540 shares of the financial services provider’s stock worth $5,573,000 after acquiring an additional 365 shares during the period. Smith Salley Wealth Management lifted its holdings in CBRE Group by 15.0% during the second quarter. Smith Salley Wealth Management now owns 2,597 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 339 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in CBRE Group by 3.0% during the second quarter. Principal Financial Group Inc. now owns 7,146,749 shares of the financial services provider’s stock valued at $636,847,000 after purchasing an additional 210,004 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of CBRE Group by 9.5% in the second quarter. UMB Bank n.a. now owns 3,121 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 271 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

CBRE Group stock traded up $0.52 during mid-day trading on Friday, reaching $115.14. 2,467,292 shares of the company’s stock traded hands, compared to its average volume of 1,647,788. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $118.39. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 35.87 and a beta of 1.40. The stock has a 50 day moving average of $102.49 and a two-hundred day moving average of $94.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last announced its quarterly 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. The firm had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. Equities analysts forecast that CBRE Group, Inc. will post 4.84 earnings per share for the current year.

Insider Activity

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group 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 $5,739,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Emma E. Giamartino sold 3,311 shares of the company’s 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 transaction, the chief financial officer now owns 71,969 shares of the company’s stock, valued at $7,836,704.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The disclosure for this sale can be found here. Insiders sold 17,232 shares of company stock valued at $1,912,087 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. Raymond James upped their price objective 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. Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $100.00 to $123.00 in a research note on Friday, July 26th. Finally, UBS Group dropped their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group 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.