Simmons Bank Has $2.14 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Simmons Bank boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,013 shares of the financial services provider’s stock after acquiring an additional 2,589 shares during the period. Simmons Bank’s holdings in CBRE Group were worth $2,142,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CBRE. Cary Street Partners Investment Advisory LLC lifted its position in CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares in the last quarter. Headinvest LLC bought a new position in shares of CBRE Group during the third quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC purchased a new position in CBRE Group during the fourth quarter worth about $45,000. Bruce G. Allen Investments LLC purchased a new stake in CBRE Group in the 4th quarter valued at about $48,000. Finally, Planned Solutions Inc. bought a new position in shares of CBRE Group during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

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

CBRE Group Price Performance

CBRE stock traded up $0.19 during trading on Tuesday, hitting $86.51. 2,066,064 shares of the company’s stock traded hands, compared to its average volume of 1,663,333. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 26.95 and a beta of 1.44. The business has a fifty day simple moving average of $91.54 and a 200 day simple moving average of $86.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.15.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Insider Activity

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group 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 sale, 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. In the last 90 days, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.54% of the stock is currently owned by insiders.

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.