Mercer Global Advisors Inc. ADV Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Mercer Global Advisors Inc. ADV lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 83,338 shares of the financial services provider’s stock after purchasing an additional 7,032 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in CBRE Group were worth $7,426,000 at the end of the most recent quarter.

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

CBRE Group Trading Down 0.7 %

NYSE:CBRE opened at $121.60 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $111.03 and a 200-day simple moving average of $97.27. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $122.59. The company has a market capitalization of $37.31 billion, a P/E ratio of 37.88 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,232 shares of company stock worth $3,058,787. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley initiated coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Raymond James lifted their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, 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. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.33.

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.