CBRE Group, Inc. (NYSE:CBRE) Stake Boosted by Banco Santander S.A.

Banco Santander S.A. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 81.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,950 shares of the financial services provider’s stock after buying an additional 3,560 shares during the quarter. Banco Santander S.A.’s holdings in CBRE Group were worth $990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CBRE. Swedbank AB purchased a new position in CBRE Group during the 1st quarter valued at about $162,576,000. Robeco Institutional Asset Management B.V. increased its stake in CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after buying an additional 993,963 shares during the period. Eminence Capital LP lifted its position in CBRE Group by 42.6% in the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after buying an additional 453,406 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of CBRE Group during the 2nd quarter valued at $36,820,000. Finally, Long Pond Capital LP purchased a new position in shares of CBRE Group during the 2nd quarter valued at $29,941,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI boosted their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.83.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

NYSE CBRE opened at $135.43 on Friday. CBRE Group, Inc. has a twelve month low of $77.97 and a twelve month high of $137.93. 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 stock has a 50-day simple moving average of $126.83 and a 200 day simple moving average of $108.50. The stock has a market capitalization of $41.44 billion, a PE ratio of 43.55 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced 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. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. Research analysts anticipate that CBRE Group, Inc. will post 4.94 EPS 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.