Robeco Institutional Asset Management B.V. Acquires 993,963 Shares of CBRE Group, Inc. (NYSE:CBRE)

Robeco Institutional Asset Management B.V. raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 60.2% in the third quarter, Holdings Channel.com reports. The firm owned 2,645,569 shares of the financial services provider’s stock after buying an additional 993,963 shares during the period. CBRE Group comprises approximately 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 27th biggest holding. Robeco Institutional Asset Management B.V.’s holdings in CBRE Group were worth $329,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. Stephens Inc. AR grew its position in CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 80 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 82 shares in the last quarter. Private Advisor Group LLC increased its position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares during the last quarter. Studio Investment Management LLC lifted its holdings 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 acquiring an additional 135 shares during the period. Finally, Mather Group LLC. boosted its position in CBRE Group by 8.7% in the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 138 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 0.6 %

Shares of CBRE stock opened at $130.18 on Monday. The stock has a market capitalization of $39.84 billion, a price-to-earnings ratio of 41.86 and a beta of 1.39. The company’s fifty day simple moving average is $121.64 and its two-hundred day simple moving average is $103.90. CBRE Group, Inc. has a 1 year low of $71.09 and a 1 year high of $136.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts anticipate that CBRE Group, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’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 completion of the sale, the chief operating officer now directly 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 have sold 25,232 shares of company stock valued at $2,839,047. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CBRE shares. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Raymond James raised their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. 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. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI upped their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CBRE Group 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.