Elo Mutual Pension Insurance Co Grows Stake in CBRE Group, Inc. (NYSE:CBRE)

Elo Mutual Pension Insurance Co boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,938 shares of the financial services provider’s stock after purchasing an additional 2,089 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in CBRE Group were worth $2,668,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CBRE. Studio Investment Management LLC grew its holdings in CBRE Group by 2.5% during the 2nd quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after buying an additional 135 shares in the last quarter. Mather Group LLC. grew its holdings in shares of CBRE Group by 8.7% in the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 138 shares in the last quarter. Rathbones Group PLC grew its holdings in shares of CBRE Group by 3.0% in the second quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 140 shares in the last quarter. First Horizon Advisors Inc. increased its position in CBRE Group by 18.1% in the second quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 144 shares during the last quarter. Finally, Humankind Investments LLC raised its stake in CBRE Group by 5.3% during the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 146 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,232 shares of company stock worth $3,058,787. Insiders own 0.54% of the company’s stock.

CBRE Group Trading Up 1.8 %

CBRE opened at $122.49 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50 day moving average price is $110.49 and its 200-day moving average price is $97.06. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $122.59. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 38.16 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the prior year, the company posted $0.82 EPS. CBRE Group’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CBRE shares. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. UBS Group decreased their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Raymond James boosted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.33.

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.