Premier Fund Managers Ltd Acquires 40,000 Shares of CBRE Group, Inc. (NYSE:CBRE)

Premier Fund Managers Ltd lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 580,000 shares of the financial services provider’s stock after purchasing an additional 40,000 shares during the quarter. CBRE Group comprises about 2.5% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 6th largest holding. Premier Fund Managers Ltd owned 0.19% of CBRE Group worth $71,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. American National Bank & Trust bought a new stake in CBRE Group in the third quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC lifted its stake in 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 valued at $36,000 after purchasing an additional 283 shares during the last quarter. Crewe Advisors LLC acquired a new stake in CBRE Group during the first quarter valued at approximately $30,000. Finally, Asset Dedication LLC bought a new stake in CBRE Group during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI upped their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Raymond James boosted their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

CBRE Group Stock Down 0.4 %

CBRE Group stock opened at $132.17 on Wednesday. The firm has a market cap of $40.45 billion, a price-to-earnings ratio of 42.50 and a beta of 1.39. The firm has a fifty day moving average price of $125.92 and a two-hundred day moving average price of $107.82. CBRE Group, Inc. has a fifty-two week low of $76.63 and a fifty-two week high of $137.93. 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 (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts forecast that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Insider Activity at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group 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 sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 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 completion of the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.