Brown Brothers Harriman & Co. Takes $20.09 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Brown Brothers Harriman & Co. purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 225,502 shares of the financial services provider’s stock, valued at approximately $20,094,000. Brown Brothers Harriman & Co. owned about 0.07% of CBRE Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Crewe Advisors LLC bought a new stake in shares of CBRE Group during the first quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in CBRE Group by 44.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after buying an additional 165 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in CBRE Group in the 2nd quarter valued at about $75,000. Spartan Planning & Wealth Management bought a new position in CBRE Group in the 4th quarter worth about $78,000. Finally, Rothschild Investment LLC purchased a new position in shares of CBRE Group during the second quarter worth approximately $80,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In related news, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $7,538,019.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group 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 $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,232 shares of company stock worth $3,058,787. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $118.66 on Monday. The company has a market capitalization of $36.41 billion, a PE ratio of 36.97 and a beta of 1.40. The company has a 50-day simple moving average of $108.09 and a two-hundred day simple moving average of $96.35. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $119.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. CBRE Group’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. Morgan Stanley began coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. UBS Group lowered their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $110.29.

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.