Algert Global LLC Makes New $1.83 Million Investment in CBRE Group, Inc. (NYSE:CBRE)

Algert Global LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,693 shares of the financial services provider’s stock, valued at approximately $1,829,000.

A number of other institutional investors also recently bought and sold shares of the business. American National Bank & Trust acquired a new stake in shares of CBRE Group during the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. increased its position in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the third quarter worth about $32,000. Wolff Wiese Magana LLC increased its position in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of CBRE Group during the third quarter worth about $40,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

CBRE Group Price Performance

Shares of CBRE opened at $140.76 on Thursday. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00. The stock’s 50 day moving average is $128.07 and its two-hundred day moving average is $109.74. The firm has a market capitalization of $43.07 billion, a PE ratio of 45.26 and a beta of 1.39. 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 announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Research analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

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