Ashton Thomas Securities LLC Purchases Shares of 260 CBRE Group, Inc. (NYSE:CBRE)

Ashton Thomas Securities LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 260 shares of the financial services provider’s stock, valued at approximately $32,000.

Several other large investors also recently modified their holdings of CBRE. Los Angeles Capital Management LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $8,250,000. State of New Jersey Common Pension Fund D grew its holdings in CBRE Group by 3.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 110,724 shares of the financial services provider’s stock valued at $13,783,000 after buying an additional 3,195 shares in the last quarter. River Global Investors LLP increased its position in CBRE Group by 19.3% during the 3rd quarter. River Global Investors LLP now owns 10,788 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 1,749 shares during the period. Sigma Planning Corp acquired a new stake in shares of CBRE Group during the third quarter worth $229,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of CBRE Group in the third quarter valued at about $256,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

CBRE Group stock opened at $132.02 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 52 week low of $76.63 and a 52 week high of $137.93. The stock has a market capitalization of $40.40 billion, a P/E ratio of 43.59 and a beta of 1.39. The stock has a fifty day moving average of $124.57 and a 200-day moving average of $106.42.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CBRE shares. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley initiated coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

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.