CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,187 shares of the financial services provider’s stock after selling 395 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in CBRE Group were worth $1,353,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. grew its position in CBRE Group by 8.7% during the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after buying an additional 138 shares during the period. First Horizon Advisors Inc. grew 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 worth $84,000 after acquiring an additional 144 shares during the period. Humankind Investments LLC increased its stake in CBRE Group by 5.3% in the 4th quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 146 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in CBRE Group by 0.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock worth $3,955,000 after purchasing an additional 149 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in CBRE Group by 18.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 156 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.3 %

Shares of CBRE Group stock traded up $0.34 during trading hours on Wednesday, hitting $116.00. The company’s stock had a trading volume of 166,814 shares, compared to its average volume of 1,639,412. The business has a fifty day moving average of $103.55 and a 200 day moving average of $94.94. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $118.39. 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 company has a market capitalization of $35.59 billion, a PE ratio of 36.03 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last issued its 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. The company had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value 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. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Vikramaditya Kohli sold 1,074 shares of the company’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 $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,232 shares of company stock valued at $1,912,087. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of research analyst reports. 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 report on Wednesday, July 3rd. Raymond James lifted their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $100.00 to $123.00 in a report on Friday, July 26th. Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective for the company. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.29.

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.