Neo Ivy Capital Management Buys 2,752 Shares of CBRE Group, Inc. (NYSE:CBRE)

Neo Ivy Capital Management grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 122.9% in the third quarter, Holdings Channel reports. The fund owned 4,992 shares of the financial services provider’s stock after acquiring an additional 2,752 shares during the quarter. Neo Ivy Capital Management’s holdings in CBRE Group were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. Canton Hathaway LLC bought a new stake in shares of CBRE Group during the 3rd quarter valued at about $27,000. American National Bank & Trust bought a new position in shares of CBRE Group in the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter worth $32,000. Finally, Wolff Wiese Magana LLC increased its stake in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

CBRE Group stock opened at $137.67 on Thursday. The company has a market cap of $42.13 billion, a P/E ratio of 44.27 and a beta of 1.39. CBRE Group, Inc. has a one year low of $81.62 and a one year high of $142.00. The business has a fifty day moving average of $130.77 and a two-hundred day moving average of $112.93. 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 (NYSE:CBRE) last issued its earnings results 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. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $129.63.

About CBRE Group

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.