CBRE Group, Inc. $CBRE Holdings Increased by Brighton Jones LLC

Brighton Jones LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 33.6% during the 3rd quarter, Holdings Channel reports. The fund owned 19,844 shares of the financial services provider’s stock after purchasing an additional 4,993 shares during the quarter. Brighton Jones LLC’s holdings in CBRE Group were worth $2,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Candriam S.C.A. raised its position in CBRE Group by 23.9% in the 3rd quarter. Candriam S.C.A. now owns 198,582 shares of the financial services provider’s stock valued at $25,605,000 after purchasing an additional 38,310 shares in the last quarter. Ethic Inc. grew its position in shares of CBRE Group by 10.5% during the third quarter. Ethic Inc. now owns 73,547 shares of the financial services provider’s stock worth $9,449,000 after buying an additional 6,993 shares in the last quarter. Alps Advisors Inc. grew its position in shares of CBRE Group by 3.2% during the third quarter. Alps Advisors Inc. now owns 17,777 shares of the financial services provider’s stock worth $2,284,000 after buying an additional 550 shares in the last quarter. CenterBook Partners LP increased its stake in shares of CBRE Group by 468.2% during the third quarter. CenterBook Partners LP now owns 21,126 shares of the financial services provider’s stock worth $2,714,000 after buying an additional 17,408 shares during the period. Finally, Heritage Family Offices LLP purchased a new stake in shares of CBRE Group during the third quarter worth approximately $162,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CBRE Group news, CFO Emma Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the sale, the chief financial officer owned 108,479 shares of the company’s stock, valued at approximately $16,086,350.91. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the sale, the insider owned 41,778 shares of the company’s stock, valued at $6,195,259.62. This represents a 0.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

CBRE Group Trading Up 2.0%

NYSE:CBRE opened at $138.20 on Tuesday. The stock has a 50-day simple moving average of $134.78 and a 200-day simple moving average of $141.02. The stock has a market cap of $39.83 billion, a P/E ratio of 17.75 and a beta of 1.24. CBRE Group, Inc. has a 1 year low of $121.44 and a 1 year high of $174.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The business had revenue of $11.52 billion for the quarter, compared to the consensus estimate of $11.81 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts anticipate that CBRE Group, Inc. will post 7.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CBRE. Jefferies Financial Group reduced their target price on shares of CBRE Group from $180.00 to $164.00 in a report on Monday, October 12th. Evercore lowered their price target on shares of CBRE Group from $175.00 to $166.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. dropped their price objective on shares of CBRE Group from $190.00 to $186.00 in a research report on Tuesday, October 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $182.78.

CBRE Group Profile

CBRE Group, Inc is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing.

The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.

CBRE traces its roots to a real estate business established in San Francisco in 1906.