CBRE Group, Inc. (NYSE:CBRE) is HTG Investment Advisors Inc.’s 2nd Largest Position

HTG Investment Advisors Inc. decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,170 shares of the financial services provider’s stock after selling 20,309 shares during the quarter. CBRE Group accounts for approximately 8.5% of HTG Investment Advisors Inc.’s portfolio, making the stock its 2nd largest position. HTG Investment Advisors Inc.’s holdings in CBRE Group were worth $18,071,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in CBRE Group during the 3rd quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. increased its position in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. Crewe Advisors LLC acquired a new stake in shares of CBRE Group in the first quarter valued at $30,000. Wolff Wiese Magana LLC raised its stake in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in CBRE Group in the third quarter valued at $40,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CBRE shares. Evercore ISI upped their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Morgan Stanley assumed coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Raymond James increased their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $136.08 on Friday. The stock has a fifty day moving average price of $123.38 and a 200 day moving average price of $105.29. CBRE Group, Inc. has a 1-year low of $71.96 and a 1-year high of $137.09. 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 $41.64 billion, a PE ratio of 43.76 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the business earned $0.72 EPS. The business’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that CBRE Group, Inc. will post 4.96 EPS for the current year.

Insider Activity at CBRE Group

In related news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the transaction, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock worth $2,839,047 over the last 90 days. Company insiders own 0.54% of the company’s stock.

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.