Great Valley Advisor Group Inc. Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Great Valley Advisor Group Inc. purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,741 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Robeco Institutional Asset Management B.V. increased its holdings in shares of CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after purchasing an additional 993,963 shares in the last quarter. Eminence Capital LP increased its holdings in CBRE Group by 42.6% in the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after buying an additional 453,406 shares in the last quarter. Maverick Capital Ltd. purchased a new position in CBRE Group in the 2nd quarter worth about $36,820,000. Long Pond Capital LP bought a new position in CBRE Group during the 2nd quarter valued at about $29,941,000. Finally, Cooke & Bieler LP boosted its holdings in shares of CBRE Group by 21.5% during the 2nd quarter. Cooke & Bieler LP now owns 1,840,587 shares of the financial services provider’s stock valued at $164,015,000 after acquiring an additional 326,249 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In other news, 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 owns 217,094 shares in the company, valued at $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

CBRE Group Stock Performance

Shares of CBRE opened at $140.71 on Friday. The business has a 50-day simple moving average of $128.43 and a two-hundred day simple moving average of $109.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52 week low of $78.18 and a 52 week high of $142.00. The stock has a market cap of $43.06 billion, a price-to-earnings ratio of 45.24 and a beta of 1.39.

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

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.