CBRE Group, Inc. (NYSE:CBRE) is Hahn Capital Management LLC’s 6th Largest Position

Hahn Capital Management LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 33.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,449 shares of the financial services provider’s stock after acquiring an additional 29,512 shares during the period. CBRE Group comprises about 5.0% of Hahn Capital Management LLC’s holdings, making the stock its 6th biggest position. Hahn Capital Management LLC’s holdings in CBRE Group were worth $10,466,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisor OS LLC lifted its holdings in shares of CBRE Group by 5.5% in the second quarter. Advisor OS LLC now owns 23,854 shares of the financial services provider’s stock valued at $2,126,000 after purchasing an additional 1,234 shares in the last quarter. Savant Capital LLC lifted its holdings in CBRE Group by 35.9% in the 2nd quarter. Savant Capital LLC now owns 4,916 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 1,299 shares in the last quarter. Candriam S.C.A. boosted its stake in shares of CBRE Group by 101.5% during the 2nd quarter. Candriam S.C.A. now owns 52,987 shares of the financial services provider’s stock worth $4,721,000 after purchasing an additional 26,687 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of CBRE Group by 3.6% in the second quarter. Victory Capital Management Inc. now owns 199,726 shares of the financial services provider’s stock valued at $17,798,000 after buying an additional 6,862 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in CBRE Group by 26.2% in the 2nd quarter. National Bank of Canada FI now owns 82,903 shares of the financial services provider’s stock worth $7,127,000 after acquiring an additional 17,198 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group 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 of the company’s stock, valued at approximately $5,739,328. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s 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 approximately $5,739,328. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,232 shares of company stock worth $3,058,787. 0.54% of the stock is currently owned by insiders.

CBRE Group Stock Down 0.5 %

Shares of NYSE:CBRE opened at $113.55 on Friday. The company has a 50 day moving average of $105.08 and a two-hundred day moving average of $95.38. The company has a market capitalization of $34.84 billion, a price-to-earnings ratio of 35.37 and a beta of 1.40. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $118.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 2.79% and a return on equity of 12.74%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, analysts forecast that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CBRE. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $100.00 to $123.00 in a report on Friday, July 26th. UBS Group dropped their price target 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. Morgan Stanley assumed coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Raymond James increased their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.29.

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.