Crewe Advisors LLC Purchases New Shares in CBRE Group, Inc. (NYSE:CBRE)

Crewe Advisors LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 311 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. Harris Associates L P grew its position in shares of CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after purchasing an additional 683,225 shares during the period. Principal Financial Group Inc. grew its position in shares of CBRE Group by 1.0% in the first quarter. Principal Financial Group Inc. now owns 6,936,745 shares of the financial services provider’s stock valued at $674,529,000 after purchasing an additional 69,164 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of CBRE Group by 2.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider’s stock valued at $586,739,000 after purchasing an additional 165,094 shares during the period. Cantillon Capital Management LLC grew its position in shares of CBRE Group by 13.1% in the fourth quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider’s stock valued at $485,512,000 after purchasing an additional 603,771 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of CBRE Group by 164.1% in the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock valued at $419,387,000 after purchasing an additional 2,799,097 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Up 9.2 %

Shares of CBRE Group stock traded up $9.06 on Thursday, reaching $107.36. The company had a trading volume of 4,433,613 shares, compared to its average volume of 1,663,046. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $110.55. The firm’s 50 day moving average price is $90.20 and its two-hundred day moving average price is $89.87. The firm has a market cap of $32.94 billion, a PE ratio of 33.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15.

CBRE Group (NYSE:CBRE) last announced its earnings results 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 net margin of 3.06% and a return on equity of 12.96%. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts predict that CBRE Group, Inc. will post 4.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBRE. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group lowered their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Evercore ISI boosted their price target 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. Finally, Raymond James boosted their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group has an average rating of “Hold” and a consensus price target of $106.14.

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.