CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,311 shares of the financial services provider’s stock after acquiring an additional 20,717 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.11% of CBRE Group worth $28,810,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DigitalBridge Group Inc. bought a new stake in CBRE Group in the second quarter valued at $5,470,000. Earnest Partners LLC lifted its position in CBRE Group by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock valued at $324,085,000 after purchasing an additional 54,510 shares during the last quarter. Eminence Capital LP boosted its stake in CBRE Group by 42.6% during the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock valued at $135,287,000 after purchasing an additional 453,406 shares during the period. APG Asset Management N.V. grew its position in CBRE Group by 234.7% in the 2nd quarter. APG Asset Management N.V. now owns 38,078 shares of the financial services provider’s stock worth $3,166,000 after purchasing an additional 26,700 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of CBRE Group by 127.8% in the second quarter. AQR Capital Management LLC now owns 213,148 shares of the financial services provider’s stock valued at $18,994,000 after purchasing an additional 119,563 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Raymond James raised their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. UBS Group decreased their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, Morgan Stanley initiated 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 target on the stock. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $112.33.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $123.17 on Friday. The firm has a 50-day moving average of $113.60 and a two-hundred day moving average of $98.33. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 38.37 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $124.15.

CBRE Group (NYSE:CBRE) last released its earnings results 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. The business had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. As a group, analysts expect that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 3,311 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the sale, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at $7,836,704.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $360,534.79. Following the sale, the chief financial officer now owns 71,969 shares in the company, valued at $7,836,704.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The disclosure for this sale can be found here. Insiders have sold 27,232 shares of company stock worth $3,058,787 in the last three months. 0.54% of the stock is currently owned by insiders.

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.