CBRE Group Inc (NYSE:CBRE) Holdings Raised by Northern Trust Corp
Northern Trust Corp grew its stake in shares of CBRE Group Inc (NYSE:CBRE) by 0.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,132,816 shares of the financial services provider’s stock after acquiring an additional 33,614 shares during the period. Northern Trust Corp’s holdings in CBRE Group were worth $212,015,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CBRE. Neuburgh Advisers LLC increased its holdings in shares of CBRE Group by 31.1% during the 2nd quarter. Neuburgh Advisers LLC now owns 51,712 shares of the financial services provider’s stock worth $2,653,000 after purchasing an additional 12,256 shares during the period. Partners Capital Investment Group LLP grew its holdings in CBRE Group by 9.1% during the 2nd quarter. Partners Capital Investment Group LLP now owns 151,633 shares of the financial services provider’s stock worth $7,779,000 after acquiring an additional 12,634 shares during the last quarter. GAM Holding AG increased its position in CBRE Group by 31.4% in the 2nd quarter. GAM Holding AG now owns 17,849 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 4,267 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of CBRE Group by 88.3% in the second quarter. Riverhead Capital Management LLC now owns 36,115 shares of the financial services provider’s stock worth $1,853,000 after acquiring an additional 16,940 shares during the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of CBRE Group by 27.3% during the second quarter. Cetera Advisors LLC now owns 14,716 shares of the financial services provider’s stock worth $753,000 after purchasing an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.
CBRE has been the topic of several research analyst reports. Raymond James increased their price target on shares of CBRE Group from $65.00 to $67.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. Compass Point initiated coverage on shares of CBRE Group in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $54.00 price objective for the company. Finally, UBS Group upped their price objective on CBRE Group from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.40.
Shares of CBRE traded down $0.23 during trading hours on Wednesday, hitting $55.50. 50,775 shares of the company were exchanged, compared to its average volume of 1,369,082. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. CBRE Group Inc has a fifty-two week low of $37.45 and a fifty-two week high of $56.47. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.34 and a beta of 1.71. The firm’s fifty day moving average is $52.31 and its 200 day moving average is $50.70.
CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.03. The firm had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.59 billion. CBRE Group had a return on equity of 24.14% and a net margin of 4.79%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. Analysts anticipate that CBRE Group Inc will post 3.75 EPS for the current year.
CBRE Group Company 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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