Blue Trust Inc. Has $976,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

Blue Trust Inc. increased its position in CBRE Group, Inc. (NYSE:CBRE) by 150.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,041 shares of the financial services provider’s stock after purchasing an additional 6,027 shares during the period. Blue Trust Inc.’s holdings in CBRE Group were worth $976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. boosted its stake in CBRE Group by 13.2% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 79,834 shares of the financial services provider’s stock worth $7,114,000 after purchasing an additional 9,303 shares during the period. Assenagon Asset Management S.A. lifted its position in CBRE Group by 46.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 596,923 shares of the financial services provider’s stock worth $53,192,000 after buying an additional 189,930 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in CBRE Group by 9.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,721 shares of the financial services provider’s stock worth $1,490,000 after buying an additional 1,497 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in CBRE Group by 4.6% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 53,090 shares of the financial services provider’s stock worth $4,731,000 after buying an additional 2,319 shares in the last quarter. Finally, Diversified Trust Co lifted its position in CBRE Group by 10.2% in the 2nd quarter. Diversified Trust Co now owns 3,169 shares of the financial services provider’s stock worth $282,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE traded up $1.16 during midday trading on Friday, reaching $111.73. The stock had a trading volume of 1,455,593 shares, compared to its average volume of 1,674,387. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $114.51. The firm’s fifty day simple moving average is $97.32 and its 200-day simple moving average is $92.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $34.28 billion, a P/E ratio of 34.81 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted its 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. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same period last year, the business posted $0.82 EPS. CBRE Group’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.84 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were 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 approximately $7,538,019.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the sale, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,385 shares of company stock worth $697,223. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Morgan Stanley initiated coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price for the company. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their price target for the company from $100.00 to $123.00 in a report on Friday, July 26th. Finally, Raymond James raised their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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.