Signaturefd LLC Acquires 246 Shares of CBRE Group, Inc. (NYSE:CBRE)

Signaturefd LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.2% in the third quarter, Holdings Channel reports. The fund owned 4,975 shares of the financial services provider’s stock after purchasing an additional 246 shares during the quarter. Signaturefd LLC’s holdings in CBRE Group were worth $619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 2.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 96 shares in the last quarter. Studio Investment Management LLC increased its stake in shares of CBRE Group by 2.5% in the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after buying an additional 135 shares during the period. Mather Group LLC. raised its holdings in CBRE Group by 8.7% in the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after buying an additional 138 shares during the last quarter. Rathbones Group PLC boosted its position in CBRE Group by 3.0% during the 2nd quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock worth $425,000 after buying an additional 140 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in CBRE Group by 18.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after buying an additional 144 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Up 8.4 %

Shares of CBRE stock opened at $133.50 on Friday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $136.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day simple moving average of $118.97 and a two-hundred day simple moving average of $101.77. The company has a market cap of $40.96 billion, a P/E ratio of 41.59 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. CBRE Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts forecast that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the subject of several analyst reports. UBS Group dropped their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley began coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. 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 company’s stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $113.83.

Insiders Place Their Bets

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction 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 sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Vikramaditya Kohli sold 1,074 shares of the company’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 transaction, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is currently owned by company insiders.

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.