S.E.E.D. Planning Group LLC Has $9.77 Million Position in CBRE Group, Inc. (NYSE:CBRE)

S.E.E.D. Planning Group LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,477 shares of the financial services provider’s stock after selling 3,050 shares during the period. CBRE Group makes up 3.6% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 8th biggest position. S.E.E.D. Planning Group LLC’s holdings in CBRE Group were worth $9,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp lifted its holdings in shares of CBRE Group by 2.9% during the 1st quarter. Atlantic Union Bankshares Corp now owns 34,278 shares of the financial services provider’s stock valued at $3,333,000 after purchasing an additional 951 shares in the last quarter. Sendero Wealth Management LLC increased its position in shares of CBRE Group by 8.6% during the first quarter. Sendero Wealth Management LLC now owns 81,156 shares of the financial services provider’s stock worth $7,892,000 after acquiring an additional 6,426 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of CBRE Group by 20.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the financial services provider’s stock worth $1,480,000 after acquiring an additional 2,615 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in CBRE Group in the 1st quarter valued at $314,000. Finally, Hazelview Securities Inc. boosted its stake in CBRE Group by 14.9% in the 1st quarter. Hazelview Securities Inc. now owns 55,730 shares of the financial services provider’s stock worth $5,293,000 after purchasing an additional 7,230 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBRE shares. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group started coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Finally, Evercore ISI increased their price target on 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 analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Trading Up 0.7 %

CBRE stock traded up $0.61 during trading on Friday, hitting $89.11. The company had a trading volume of 2,258,617 shares, compared to its average volume of 1,855,260. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The business has a 50-day moving average of $87.95 and a 200-day moving average of $89.46. The stock has a market cap of $27.34 billion, a PE ratio of 27.76 and a beta of 1.41.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts predict that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

About CBRE Group

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.