Investment Management Corp of Ontario Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Investment Management Corp of Ontario lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 49.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,252 shares of the financial services provider’s stock after buying an additional 3,400 shares during the period. Investment Management Corp of Ontario’s holdings in CBRE Group were worth $1,276,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in shares of CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares during the period. Stephens Inc. AR increased its position in CBRE Group by 3.1% during the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 80 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after buying an additional 82 shares during the period. Private Advisor Group LLC lifted its position in CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas grew its stake in CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 93 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CBRE. Evercore ISI lifted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Citigroup upped their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

CBRE Group Trading Down 1.0 %

CBRE Group stock opened at $136.42 on Friday. CBRE Group, Inc. has a 1 year low of $80.97 and a 1 year high of $142.00. The firm’s 50-day moving average is $129.97 and its 200-day moving average is $111.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $41.75 billion, a P/E ratio of 43.87 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company posted $0.72 earnings per share. CBRE Group’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts expect that CBRE Group, Inc. will post 4.99 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.