Charles Schwab Investment Management Inc. Increases Position in CBRE Group, Inc. (NYSE:CBRE)

Charles Schwab Investment Management Inc. lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,785,758 shares of the financial services provider’s stock after acquiring an additional 23,089 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CBRE Group were worth $166,236,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CBRE. Schechter Investment Advisors LLC grew its position in shares of CBRE Group by 6.4% during the third quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 168 shares during the last quarter. Greenfield Savings Bank grew its position in CBRE Group by 4.2% during the 4th quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 184 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in CBRE Group by 0.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,989 shares of the financial services provider’s stock valued at $2,067,000 after purchasing an additional 217 shares during the period. D.A. Davidson & CO. increased its position in CBRE Group by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock valued at $1,684,000 after acquiring an additional 219 shares during the period. Finally, Private Advisor Group LLC raised its stake in CBRE Group by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 8,315 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the topic of a number of recent research reports. Raymond James boosted their target price on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, Evercore ISI raised their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Trading Up 1.1 %

Shares of CBRE Group stock opened at $87.43 on Friday. The company has a 50-day moving average of $91.36 and a two-hundred day moving average of $86.28. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $98.65. The company has a current ratio of 1.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The stock has a market cap of $26.84 billion, a PE ratio of 27.24 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last posted its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. On average, research analysts anticipate that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last three months, insiders sold 39,592 shares of company stock worth $3,675,752. 0.54% of the stock is owned by corporate insiders.

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.