3Chopt Investment Partners LLC Buys Shares of 9,473 CBRE Group, Inc. (NYSE:CBRE)

3Chopt Investment Partners LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 9,473 shares of the financial services provider’s stock, valued at approximately $844,000.

Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in CBRE Group in the 1st quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. grew its position in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in CBRE Group by 44.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 165 shares in the last quarter. EdgeRock Capital LLC acquired a new position in CBRE Group in the 2nd quarter valued at about $75,000. Finally, Spartan Planning & Wealth Management acquired a new position in CBRE Group in the 4th quarter valued at about $78,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley assumed 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. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $100.00 to $123.00 in a research note on Friday, July 26th. Raymond James lifted their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.33.

CBRE Group Price Performance

CBRE stock opened at $124.50 on Tuesday. The business has a 50 day moving average price of $114.11 and a 200 day moving average price of $98.58. The stock has a market cap of $38.20 billion, a price-to-earnings ratio of 38.78 and a beta of 1.40. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $124.84. 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 posted 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 firm had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. Equities research analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the business’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 value of $116,947.86. Following the completion of the sale, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the SEC, which is available through this link. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Vikramaditya Kohli sold 1,074 shares of the business’s 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 transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,232 shares of company stock worth $3,058,787. 0.54% of the stock is owned by insiders.

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.