Arcadia Investment Management Corp MI Trims Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Arcadia Investment Management Corp MI trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,224 shares of the financial services provider’s stock after selling 2,013 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in CBRE Group were worth $3,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in shares of CBRE Group in the first quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in CBRE Group by 44.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 165 shares during the period. EdgeRock Capital LLC purchased a new position in CBRE Group during the 2nd quarter worth $75,000. Spartan Planning & Wealth Management purchased a new position in CBRE Group during the 4th quarter worth $78,000. Finally, Rothschild Investment LLC purchased a new position in CBRE Group during the 2nd quarter worth $80,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction dated Tuesday, September 3rd. The stock was 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 approximately $24,894,168.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Up 0.2 %

Shares of CBRE Group stock traded up $0.20 during trading on Friday, reaching $114.35. The company’s stock had a trading volume of 207,196 shares, compared to its average volume of 1,637,917. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 35.54 and a beta of 1.40. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $118.39. The company has a 50-day simple moving average of $104.59 and a two-hundred day simple moving average of $95.21.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. UBS Group reduced their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and increased their target price for the company from $100.00 to $123.00 in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group Company 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.