Charles Schwab Investment Management Inc. Acquires 16,202 Shares of CBRE Group, Inc. (NYSE:CBRE)

Charles Schwab Investment Management Inc. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,876,724 shares of the financial services provider’s stock after acquiring an additional 16,202 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.61% of CBRE Group worth $233,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CBRE. Banco Santander S.A. increased its holdings in shares of CBRE Group by 81.1% during the third quarter. Banco Santander S.A. now owns 7,950 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 3,560 shares during the period. Integrated Investment Consultants LLC bought a new position in CBRE Group during the 3rd quarter worth $357,000. King Luther Capital Management Corp acquired a new position in CBRE Group in the 3rd quarter valued at $225,000. Cornerstone Advisors LLC lifted its position in shares of CBRE Group by 29.9% during the 3rd quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock valued at $2,054,000 after acquiring an additional 3,800 shares during the period. Finally, Premier Fund Managers Ltd grew its holdings in shares of CBRE Group by 7.4% during the 3rd quarter. Premier Fund Managers Ltd now owns 580,000 shares of the financial services provider’s stock worth $71,439,000 after purchasing an additional 40,000 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CBRE. Evercore ISI boosted 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. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s 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 sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

CBRE Group stock opened at $135.43 on Friday. The company has a market capitalization of $41.44 billion, a PE ratio of 43.55 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. The stock has a 50-day moving average price of $126.83 and a two-hundred day moving average price of $108.65. CBRE Group, Inc. has a 12 month low of $77.97 and a 12 month high of $137.93.

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 the consensus estimate of $1.06 by $0.14. The company 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 business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts expect that CBRE Group, Inc. will post 4.94 EPS for the current year.

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.