Exencial Wealth Advisors LLC Invests $4 Million in CBRE Group (CBRE)

Exencial Wealth Advisors LLC bought a new position in shares of CBRE Group (NYSE:CBRE) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 84,653 shares of the financial services provider’s stock, valued at approximately $3,997,000. CBRE Group accounts for approximately 1.2% of Exencial Wealth Advisors LLC’s holdings, making the stock its 27th biggest position.

Several other hedge funds have also made changes to their positions in the company. ClariVest Asset Management LLC acquired a new position in shares of CBRE Group during the 1st quarter worth approximately $122,000. Signaturefd LLC acquired a new position in CBRE Group in the 1st quarter valued at $143,000. Wellington Shields & Co. LLC acquired a new position in CBRE Group in the 1st quarter valued at $212,000. Fieldpoint Private Securities LLC acquired a new position in CBRE Group in the 1st quarter valued at $239,000. Finally, Pettee Investors Inc. acquired a new position in CBRE Group in the 1st quarter valued at $241,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. ValuEngine downgraded CBRE Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Raymond James raised CBRE Group from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 10th. Barclays reissued a “buy” rating and issued a $58.00 price objective (up from $56.00) on shares of CBRE Group in a research note on Sunday. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, February 9th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $48.55.

Shares of CBRE opened at $47.42 on Thursday. CBRE Group has a 52-week low of $46.79 and a 52-week high of $47.41. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.16 and a beta of 1.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.18 and a quick ratio of 1.18.

CBRE Group (NYSE:CBRE) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. CBRE Group had a return on equity of 24.15% and a net margin of 4.48%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. sell-side analysts forecast that CBRE Group will post 3.1 EPS for the current fiscal year.

In other news, insider William F. Concannon sold 29,483 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $47.68, for a total transaction of $1,405,749.44. Following the completion of the transaction, the insider now directly owns 261,226 shares in the company, valued at approximately $12,455,255.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brandon Boze sold 5,000,000 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $45.78, for a total value of $228,900,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,111,624 shares of company stock valued at $234,199,723 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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