BCO Wealth Management LLC Acquires Shares of 2,785 CBRE Group, Inc. (NYSE:CBRE)

BCO Wealth Management LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,785 shares of the financial services provider’s stock, valued at approximately $366,000. CBRE Group comprises 0.3% of BCO Wealth Management LLC’s holdings, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Geode Capital Management LLC lifted its position in CBRE Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after purchasing an additional 56,888 shares during the period. Principal Financial Group Inc. increased its holdings in CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock valued at $998,039,000 after buying an additional 177,119 shares during the period. FMR LLC raised its position in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its holdings in shares of CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock worth $623,416,000 after acquiring an additional 25,142 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $132.70 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $137.75 and its 200-day moving average price is $132.05. The firm has a market capitalization of $39.81 billion, a P/E ratio of 42.26 and a beta of 1.42. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

CBRE has been the topic of a number of recent analyst reports. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

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.