Bronfman E.L. Rothschild L.P. Buys Shares of 6,557 CBRE Group Inc (CBRE)
Bronfman E.L. Rothschild L.P. bought a new stake in shares of CBRE Group Inc (NYSE:CBRE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,557 shares of the financial services provider’s stock, valued at approximately $289,000.
A number of other large investors have also recently added to or reduced their stakes in CBRE. BlackRock Inc. acquired a new stake in CBRE Group during the 3rd quarter valued at approximately $1,011,772,000. JPMorgan Chase & Co. acquired a new stake in CBRE Group during the 3rd quarter valued at approximately $638,351,000. FMR LLC acquired a new stake in CBRE Group during the 3rd quarter valued at approximately $327,956,000. Janus Henderson Group PLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $320,705,000. Finally, Cantillon Capital Management LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $311,569,000. 94.34% of the stock is owned by institutional investors and hedge funds.
In other CBRE Group news, Director Gerardo I. Lopez purchased 5,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, December 4th. The stock was acquired at an average price of $42.41 per share, with a total value of $212,050.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.
CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.17 billion. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that CBRE Group Inc will post 3.2 earnings per share for the current fiscal year.
CBRE has been the subject of several recent analyst reports. Barclays raised their price objective on shares of CBRE Group from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, August 30th. Bank of America reduced their price objective on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, ValuEngine downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. CBRE Group currently has a consensus rating of “Buy” and an average target price of $52.56.
CBRE Group Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.
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