Massmutual Trust Co. FSB ADV Grows Stake in CBRE Group, Inc. (NYSE:CBRE)

Massmutual Trust Co. FSB ADV lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 18.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,023 shares of the financial services provider’s stock after buying an additional 156 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in CBRE Group were worth $91,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in CBRE Group in the first quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group during the fourth quarter worth $45,000. EverSource Wealth Advisors LLC lifted its holdings in shares of CBRE Group by 44.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 165 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of CBRE Group in the 4th quarter worth $59,000. Finally, Spartan Planning & Wealth Management purchased a new position in CBRE Group during the 4th quarter worth $78,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares in the company, valued at approximately $1,824,501.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research analyst reports. Raymond James increased their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. Keefe, Bruyette & Woods upped their price target 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, August 1st. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley initiated coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.29.

CBRE Group Stock Performance

Shares of NYSE CBRE traded up $1.50 during trading on Tuesday, reaching $108.12. 2,112,795 shares of the company traded hands, compared to its average volume of 1,697,676. The stock has a market cap of $33.17 billion, a P/E ratio of 33.87 and a beta of 1.40. The firm’s fifty day simple moving average is $93.22 and its 200 day simple moving average is $91.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $114.51.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.82 earnings per share. As a group, research analysts anticipate that CBRE Group, Inc. will post 4.84 earnings per share for the current fiscal year.

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.