CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Custom Index Systems LLC

Custom Index Systems LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 42.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,291 shares of the financial services provider’s stock after buying an additional 2,171 shares during the quarter. Custom Index Systems LLC’s holdings in CBRE Group were worth $908,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock worth $2,718,000 after buying an additional 23,290 shares during the last quarter. Natixis boosted its holdings in CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 22,464 shares during the last quarter. Quantbot Technologies LP acquired a new stake in CBRE Group during the 1st quarter worth about $1,118,000. Nordea Investment Management AB raised its stake in shares of CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after buying an additional 372,870 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of CBRE Group by 14.1% during the 1st quarter. BNP Paribas Financial Markets now owns 486,795 shares of the financial services provider’s stock valued at $47,336,000 after buying an additional 60,050 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CBRE. Keefe, Bruyette & Woods raised their target price on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Raymond James lifted their target price 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. Evercore ISI increased their price target 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. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Five 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.83.

CBRE Group Price Performance

NYSE:CBRE traded down $0.96 during trading hours on Friday, reaching $132.54. 2,186,354 shares of the company were exchanged, compared to its average volume of 1,648,766. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a market cap of $40.67 billion, a PE ratio of 41.29 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $136.06. The stock’s 50-day moving average is $119.85 and its 200-day moving average is $102.29.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the company posted $0.72 EPS. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Activity

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 transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,232 shares of company stock worth $2,839,047 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group 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.