River Global Investors LLP Has $1.34 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

River Global Investors LLP grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 19.3% in the third quarter, Holdings Channel reports. The institutional investor owned 10,788 shares of the financial services provider’s stock after purchasing an additional 1,749 shares during the period. River Global Investors LLP’s holdings in CBRE Group were worth $1,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CBRE. Swedbank AB acquired a new position in CBRE Group in the 1st quarter valued at approximately $162,576,000. Robeco Institutional Asset Management B.V. raised its stake in shares of CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after buying an additional 993,963 shares in the last quarter. Eminence Capital LP lifted its holdings in shares of CBRE Group by 42.6% during the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after acquiring an additional 453,406 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of CBRE Group during the 2nd quarter valued at about $36,820,000. Finally, Delta Global Management LP raised its position in CBRE Group by 266.2% in the first quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock worth $52,877,000 after purchasing an additional 395,297 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

NYSE CBRE traded up $4.03 on Friday, hitting $136.08. 1,691,087 shares of the company were exchanged, compared to its average volume of 1,857,418. CBRE Group, Inc. has a 1-year low of $71.96 and a 1-year high of $137.09. The firm has a 50 day moving average of $123.38 and a two-hundred day moving average of $105.29. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $41.64 billion, a P/E ratio of 43.76 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. CBRE Group’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that CBRE Group, Inc. will post 4.96 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction 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 sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock worth $2,839,047 over the last 90 days. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CBRE shares. Morgan Stanley began coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. 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. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Raymond James lifted their price target 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. Five equities research 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 data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

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.