Banco Santander S.A. Acquires 3,560 Shares of CBRE Group, Inc. (NYSE:CBRE)

Banco Santander S.A. raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 81.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,950 shares of the financial services provider’s stock after purchasing an additional 3,560 shares during the quarter. Banco Santander S.A.’s holdings in CBRE Group were worth $990,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CBRE. American National Bank & Trust bought a new position in shares of CBRE Group during the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. grew its stake in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the third quarter worth about $32,000. Wolff Wiese Magana LLC raised its position in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC bought a new position in shares of CBRE Group during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 2.9 %

CBRE stock opened at $135.43 on Friday. The company has a market cap of $41.44 billion, a price-to-earnings ratio of 43.55 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $77.97 and a twelve month high of $137.93. The business has a 50 day moving average price of $126.83 and a two-hundred day moving average price of $108.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. Analysts anticipate that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business’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 value of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price 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 raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI raised their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Five research 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $116.83.

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.