Bleakley Financial Group LLC Acquires 314 Shares of CBRE Group, Inc. (NYSE:CBRE)

Bleakley Financial Group LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,845 shares of the financial services provider’s stock after acquiring an additional 314 shares during the quarter. Bleakley Financial Group LLC’s holdings in CBRE Group were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Swedbank AB bought a new position in shares of CBRE Group during the 1st quarter worth about $162,576,000. Eminence Capital LP increased its stake in CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock valued at $135,287,000 after acquiring an additional 453,406 shares during the period. Maverick Capital Ltd. bought a new stake in shares of CBRE Group in the 2nd quarter worth approximately $36,820,000. Delta Global Management LP lifted its position in shares of CBRE Group by 266.2% in the 1st quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock worth $52,877,000 after acquiring an additional 395,297 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock worth $38,550,000 after purchasing an additional 372,870 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group 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 directly owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock worth $3,058,787 in the last quarter. Insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 1.7 %

Shares of CBRE opened at $123.52 on Tuesday. The stock has a fifty day moving average price of $118.47 and a two-hundred day moving average price of $101.44. 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 company has a market cap of $37.90 billion, a price-to-earnings ratio of 38.48 and a beta of 1.40. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $126.00.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Keefe, Bruyette & Woods upped 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. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Raymond James increased their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.83.

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.