Trek Financial LLC Buys Shares of 29,643 CBRE Group, Inc. $CBRE

Trek Financial LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,643 shares of the financial services provider’s stock, valued at approximately $4,671,000.

Other large investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in CBRE Group in the third quarter worth approximately $2,475,000. UniSuper Management Pty Ltd lifted its stake in shares of CBRE Group by 8.3% in the 3rd quarter. UniSuper Management Pty Ltd now owns 28,282 shares of the financial services provider’s stock valued at $4,456,000 after purchasing an additional 2,176 shares during the last quarter. Westfuller Advisors LLC bought a new stake in CBRE Group in the third quarter worth $168,000. iA Global Asset Management Inc. raised its holdings in CBRE Group by 175.0% during the third quarter. iA Global Asset Management Inc. now owns 7,384 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 4,699 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of CBRE Group by 7.0% in the third quarter. Simplicity Wealth LLC now owns 1,687 shares of the financial services provider’s stock worth $266,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

CBRE traded down $0.92 during trading on Friday, hitting $169.25. The company’s stock had a trading volume of 1,067,129 shares, compared to its average volume of 1,058,106. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $50.37 billion, a price-to-earnings ratio of 41.79 and a beta of 1.34. The firm’s 50 day moving average price is $162.09 and its two-hundred day moving average price is $157.76. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $173.05.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. CBRE Group’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley upped their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Barclays raised their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $182.14.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.