Fmr LLC Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Fmr LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 85.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,587,042 shares of the financial services provider’s stock after acquiring an additional 3,498,244 shares during the period. Fmr LLC owned 2.48% of CBRE Group worth $944,435,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CBRE. Lindbrook Capital LLC boosted its holdings in shares of CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 79 shares during the last quarter. Stephens Inc. AR raised its position in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 82 shares during the last quarter. Private Advisor Group LLC grew its position in CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas grew its position in CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after acquiring an additional 93 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

CBRE Group stock opened at $140.76 on Thursday. CBRE Group, Inc. has a 12-month low of $78.18 and a 12-month high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 45.26 and a beta of 1.39. The firm’s fifty day moving average price is $128.07 and its 200 day moving average price is $109.74.

CBRE Group (NYSE:CBRE) last announced its 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 business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. On average, research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price target 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. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI lifted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.00.

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.