National Pension Service Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

National Pension Service raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 7.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 533,699 shares of the financial services provider’s stock after acquiring an additional 38,186 shares during the period. National Pension Service’s holdings in CBRE Group were worth $66,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Ground Swell Capital LLC purchased a new position in CBRE Group during the third quarter worth about $490,000. Robeco Institutional Asset Management B.V. raised its stake in shares of CBRE Group by 60.2% during the 3rd 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 in the last quarter. Van ECK Associates Corp lifted its holdings in shares of CBRE Group by 7.4% in the 3rd quarter. Van ECK Associates Corp now owns 8,479 shares of the financial services provider’s stock valued at $1,044,000 after buying an additional 587 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of CBRE Group by 18.1% in the third quarter. Farther Finance Advisors LLC now owns 1,771 shares of the financial services provider’s stock valued at $220,000 after buying an additional 271 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, 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 filing with the SEC, which is available at the SEC website. In related news, 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 value of $116,947.86. Following the completion of the transaction, the chief operating officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,232 shares of company stock valued at $2,839,047 in the last ninety days. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 2.4 %

CBRE stock opened at $134.72 on Wednesday. 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, Inc. has a 12 month low of $71.96 and a 12 month high of $136.06. The firm has a market capitalization of $41.23 billion, a PE ratio of 43.32 and a beta of 1.39. The company’s 50 day simple moving average is $122.33 and its 200-day simple moving average is $104.58.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 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 firm 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 earned $0.72 EPS. CBRE Group’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts expect that CBRE Group, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Morgan Stanley started coverage on shares of CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. 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 research report on Thursday, July 25th. Finally, Evercore ISI upped their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target 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.