Greenleaf Trust Acquires 296 Shares of CBRE Group, Inc. (NYSE:CBRE)

Greenleaf Trust boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,509 shares of the financial services provider’s stock after buying an additional 296 shares during the period. Greenleaf Trust’s holdings in CBRE Group were worth $1,806,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American National Bank & Trust acquired a new position in CBRE Group during the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake in 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 valued at $36,000 after acquiring an additional 283 shares during the period. Crewe Advisors LLC bought a new stake in shares of CBRE Group in the 1st quarter worth approximately $30,000. Asset Dedication LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $40,000. Finally, 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 valued at $29,000 after purchasing an additional 215 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CBRE. Evercore ISI raised their price target 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. Raymond James boosted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. UBS Group reduced their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.83.

Insider Transactions at CBRE Group

In related news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction dated 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 owns 69,226 shares in the company, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the sale, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,232 shares of company stock worth $3,058,787 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 0.3 %

NYSE:CBRE opened at $123.12 on Thursday. The company has a market cap of $37.78 billion, a PE ratio of 38.36 and a beta of 1.40. The stock has a 50-day simple moving average of $118.97 and a 200 day simple moving average of $101.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $126.00.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

CBRE Group 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.