Ballentine Partners LLC Buys 1,148 Shares of CBRE Group, Inc. (NYSE:CBRE)

Ballentine Partners LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 17.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,904 shares of the financial services provider’s stock after acquiring an additional 1,148 shares during the period. Ballentine Partners LLC’s holdings in CBRE Group were worth $984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Private Advisor Group LLC boosted its holdings in CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 90 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of CBRE Group by 2.5% in the second quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock valued at $349,000 after buying an additional 96 shares during the period. Studio Investment Management LLC grew its position in CBRE Group by 2.5% during the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock worth $494,000 after buying an additional 135 shares in the last quarter. Mather Group LLC. increased its stake in CBRE Group by 8.7% during the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 138 shares during the period. Finally, Rathbones Group PLC raised its holdings in CBRE Group by 3.0% in the 2nd quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $132.54 on Friday. The stock has a market cap of $40.67 billion, a price-to-earnings ratio of 41.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50 day simple moving average of $119.85 and a 200 day simple moving average of $102.24. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $136.06.

CBRE Group (NYSE:CBRE) last announced its quarterly 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 12.74%. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the business earned $0.72 earnings per share. The company’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 4.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CBRE. Keefe, Bruyette & Woods increased their target price on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Raymond James raised their target price on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, UBS Group cut their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.83.

Insider Buying and Selling at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is currently owned by insiders.

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.