CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 32.9% during the third quarter, Holdings Channel reports. The institutional investor owned 59,819 shares of the financial services provider’s stock after acquiring an additional 14,808 shares during the quarter. Cerity Partners LLC’s holdings in CBRE Group were worth $7,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBRE. Lindbrook Capital LLC lifted its holdings in CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 79 shares during the period. Stephens Inc. AR lifted its stake in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 80 shares during the period. Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after buying an additional 82 shares in the last quarter. Private Advisor Group LLC grew its position in CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas increased its holdings in CBRE Group by 0.6% in the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after buying an additional 93 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI lifted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $140.76 on Thursday. The company has a market cap of $43.07 billion, a P/E ratio of 45.26 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00. The company’s 50-day moving average price is $128.07 and its 200-day moving average price is $109.74. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, sell-side analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

About CBRE Group

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.