Atria Investments Inc Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Atria Investments Inc grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 61.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,643 shares of the financial services provider’s stock after purchasing an additional 11,289 shares during the quarter. Atria Investments Inc’s holdings in CBRE Group were worth $2,882,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB purchased a new stake in shares of CBRE Group during the first quarter valued at $162,576,000. Virtu Financial LLC purchased a new stake in shares of CBRE Group during the first quarter valued at $643,000. Plato Investment Management Ltd boosted its stake in shares of CBRE Group by 1,286.4% during the first quarter. Plato Investment Management Ltd now owns 14,460 shares of the financial services provider’s stock valued at $1,406,000 after purchasing an additional 13,417 shares during the period. Comerica Bank boosted its stake in shares of CBRE Group by 7.4% during the first quarter. Comerica Bank now owns 91,518 shares of the financial services provider’s stock valued at $8,899,000 after purchasing an additional 6,337 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of CBRE Group by 188.0% during the first quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 10,740 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.8 %

Shares of CBRE traded down $2.01 during mid-day trading on Friday, hitting $110.38. 1,810,196 shares of the company traded hands, compared to its average volume of 1,829,488. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $114.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $33.82 billion, a PE ratio of 34.38 and a beta of 1.40. The business has a 50 day moving average of $92.84 and a 200 day moving average of $90.92.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. CBRE Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities research analysts anticipate that CBRE Group, Inc. will post 4.84 EPS for the current year.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the sale, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on CBRE shares. Keefe, Bruyette & Woods boosted 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. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $100.00 to $123.00 in a report on Friday, July 26th. UBS Group decreased their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. Finally, Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $110.29.

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.