HB Wealth Management LLC Buys 191 Shares of CBRE Group, Inc. (NYSE:CBRE)

HB Wealth Management LLC increased its position in CBRE Group, Inc. (NYSE:CBRE) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,775 shares of the financial services provider’s stock after purchasing an additional 191 shares during the quarter. HB Wealth Management LLC’s holdings in CBRE Group were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Headinvest LLC acquired a new stake in CBRE Group during the 3rd quarter valued at $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group in the fourth quarter valued at about $45,000. Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at about $48,000. Planned Solutions Inc. bought a new position in CBRE Group during the fourth quarter worth about $52,000. Finally, EdgeRock Capital LLC bought a new stake in CBRE Group in the 4th quarter valued at about $59,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 0.2 %

Shares of CBRE Group stock traded down $0.18 during trading on Friday, reaching $87.21. 346,326 shares of the company traded hands, compared to its average volume of 1,658,243. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50 day moving average price of $87.97 and a 200-day moving average price of $89.44. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65. The firm has a market capitalization of $26.76 billion, a PE ratio of 27.22 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last released 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. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CBRE. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group began coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $101.17.

CBRE Group 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.