Nicola Wealth Management LTD. Has $1.25 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Nicola Wealth Management LTD. raised its position in CBRE Group, Inc. (NYSE:CBRE) by 16.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,024 shares of the financial services provider’s stock after purchasing an additional 1,400 shares during the period. Nicola Wealth Management LTD.’s holdings in CBRE Group were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after acquiring an additional 277,922 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of CBRE Group by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock valued at $763,909,000 after buying an additional 49,732 shares during the last quarter. Earnest Partners LLC grew its stake in shares of CBRE Group by 1.5% in the second quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock valued at $324,085,000 after buying an additional 54,510 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CBRE Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider’s stock valued at $295,640,000 after buying an additional 142,088 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its position in CBRE Group by 4.8% during the second quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider’s stock worth $237,323,000 after acquiring an additional 123,108 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the company’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 transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the 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 transaction, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction dated 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 owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE stock traded down $0.94 on Thursday, hitting $134.61. 417,336 shares of the stock were exchanged, compared to its average volume of 1,658,035. The firm’s 50 day moving average is $124.57 and its two-hundred day moving average is $106.42. The firm has a market capitalization of $41.19 billion, a PE ratio of 43.59 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a one year low of $76.63 and a one year high of $137.93.

CBRE Group (NYSE:CBRE) last announced its quarterly 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 firm 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 company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. Sell-side analysts expect that CBRE Group, Inc. will post 4.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CBRE shares. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Morgan Stanley initiated coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Wolfe Research upgraded shares of 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, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.