149,870 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, HoldingsChannel reports. The fund purchased 149,870 shares of the financial services provider’s stock, valued at approximately $13,951,000. CBRE Group makes up 2.0% of Barlow Wealth Partners Inc.’s holdings, making the stock its 21st largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $45,000. Cary Street Partners Investment Advisory LLC grew its position in shares of CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after buying an additional 326 shares during the period. Bruce G. Allen Investments LLC bought a new position in CBRE Group during the fourth quarter worth $48,000. Planned Solutions Inc. bought a new position in shares of CBRE Group during the 4th quarter worth about $52,000. Finally, Headinvest LLC bought a new stake in CBRE Group in the 3rd quarter valued at about $44,000. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Raymond James upped their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI upped their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective on the stock. Finally, StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Hold” and an average price target of $99.50.

Insider Activity at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 in the last 90 days. Company insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE remained flat at $86.51 during trading hours on Wednesday. 1,249,899 shares of the company were exchanged, compared to its average volume of 1,658,607. The firm’s 50-day moving average price is $91.54 and its 200-day moving average price is $86.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.17. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of 26.95 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Equities analysts anticipate that CBRE Group, Inc. will post 4.45 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.