Lindbrook Capital LLC Has $146,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Lindbrook Capital LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567 shares of the financial services provider’s stock after purchasing an additional 536 shares during the period. Lindbrook Capital LLC’s holdings in CBRE Group were worth $146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cary Street Partners Investment Advisory LLC increased its position in CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the period. Headinvest LLC bought a new stake in CBRE Group during the 3rd quarter worth about $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in CBRE Group during the 4th quarter worth about $45,000. Bruce G. Allen Investments LLC bought a new stake in CBRE Group during the 4th quarter worth about $48,000. Finally, Planned Solutions Inc. bought a new stake in CBRE Group during the 4th quarter worth about $52,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

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 stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now 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 company insiders.

CBRE Group Price Performance

CBRE Group stock opened at $87.11 on Wednesday. The firm has a market capitalization of $26.74 billion, a P/E ratio of 27.48 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The business has a 50-day moving average of $92.40 and a 200-day moving average of $85.18. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the company earned $1.33 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CBRE. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI boosted their price objective on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group began coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price for the company. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.50.

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.