CBRE Group, Inc. (NYSE:CBRE) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 57.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 513,203 shares of the financial services provider’s stock after buying an additional 186,899 shares during the quarter. BNP Paribas Financial Markets’ holdings in CBRE Group were worth $63,884,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CBRE. Canton Hathaway LLC acquired a new position in CBRE Group during the 3rd quarter valued at about $27,000. American National Bank & Trust purchased a new stake in CBRE Group during the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. grew its stake in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in CBRE Group during the 3rd quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC grew its stake in CBRE Group by 2,830.0% during the 3rd 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. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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 $9,214,026.36. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBRE. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. 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. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, Citigroup boosted their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday. Five investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

CBRE Group Stock Up 0.2 %

Shares of CBRE opened at $140.76 on Thursday. CBRE Group, Inc. has a 52 week low of $78.18 and a 52 week high of $142.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. 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 stock’s 50-day moving average price is $128.07 and its 200-day moving average price is $109.74.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.99 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.