CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.6% during the 3rd quarter, Holdings Channel reports. The fund owned 910,700 shares of the financial services provider’s stock after acquiring an additional 5,600 shares during the period. Swiss National Bank’s holdings in CBRE Group were worth $113,364,000 at the end of the most recent reporting period.

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

CBRE Group Price Performance

CBRE stock opened at $132.67 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 1 year low of $76.63 and a 1 year high of $137.93. The firm has a market cap of $40.60 billion, a P/E ratio of 42.66 and a beta of 1.39. The stock has a 50-day simple moving average of $125.61 and a 200-day simple moving average of $107.50.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts predict that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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. This trade represents a 4.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CBRE shares. Evercore ISI increased their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Raymond James upped their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley assumed coverage on CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.