Thrivent Financial for Lutherans Buys 1,553 Shares of CBRE Group, Inc. (NYSE:CBRE)

Thrivent Financial for Lutherans grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 657,871 shares of the financial services provider’s stock after acquiring an additional 1,553 shares during the quarter. Thrivent Financial for Lutherans owned about 0.21% of CBRE Group worth $58,623,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CBRE. Sei Investments Co. increased its stake in CBRE Group by 8.3% in the second quarter. Sei Investments Co. now owns 1,541,686 shares of the financial services provider’s stock valued at $137,380,000 after acquiring an additional 118,251 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of CBRE Group by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 21,979 shares of the financial services provider’s stock valued at $1,959,000 after purchasing an additional 1,007 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of CBRE Group by 0.5% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 62,768 shares of the financial services provider’s stock valued at $5,593,000 after purchasing an additional 306 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in shares of CBRE Group during the 2nd quarter worth $1,019,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of CBRE Group by 6.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,111,813 shares of the financial services provider’s stock worth $99,074,000 after buying an additional 66,900 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on CBRE shares. UBS Group lowered their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective for the company. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Raymond James upped their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.33.

Insider Buying and Selling at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is currently owned by company insiders.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $121.60 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $122.59. The firm has a market cap of $37.31 billion, a PE ratio of 37.88 and a beta of 1.40. The firm’s fifty day moving average is $111.03 and its 200-day moving average is $97.34.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 4.81 earnings per share 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.