Eads & Heald Wealth Management Increases Holdings in CBRE Group, Inc. (NYSE:CBRE)

Eads & Heald Wealth Management increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,224 shares of the financial services provider’s stock after purchasing an additional 371 shares during the quarter. Eads & Heald Wealth Management’s holdings in CBRE Group were worth $1,211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of CBRE Group during the third quarter valued at about $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in CBRE Group during the 4th quarter valued at approximately $1,518,000. Fulton Bank N.A. increased its stake in CBRE Group by 342.0% in the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after acquiring an additional 19,227 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 3,807 shares in the last quarter. Finally, Cornerstone Advisors LLC boosted its position in shares of CBRE Group by 29.9% during the 3rd quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock valued at $2,054,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

CBRE Group Price Performance

Shares of CBRE stock opened at $140.89 on Wednesday. The stock’s 50-day moving average is $133.46 and its 200 day moving average is $121.91. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $43.12 billion, a P/E ratio of 45.30 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Research analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CBRE shares. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.44.

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.