National Bank of Canada FI Buys 58,075 Shares of CBRE Group, Inc. (NYSE:CBRE)

National Bank of Canada FI lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 70.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,978 shares of the financial services provider’s stock after purchasing an additional 58,075 shares during the period. National Bank of Canada FI’s holdings in CBRE Group were worth $17,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its holdings in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. FMR LLC raised its position in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after buying an additional 3,498,244 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after acquiring an additional 277,922 shares during the period. Allspring Global Investments Holdings LLC lifted its position in CBRE Group by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock valued at $763,909,000 after purchasing an additional 49,732 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in CBRE Group by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock worth $324,085,000 after acquiring an additional 54,510 shares during the period. 98.41% of the stock is owned by institutional investors.

Insider Transactions at CBRE Group

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

Wall Street Analyst Weigh In

CBRE has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday. They issued a “buy” rating and a $176.00 price objective on the stock. Evercore ISI upped their price objective 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. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

CBRE Group Stock Down 0.4 %

Shares of NYSE CBRE opened at $137.32 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 44.15 and a beta of 1.39. The firm’s 50-day simple moving average is $130.52 and its 200 day simple moving average is $112.59. CBRE Group, Inc. has a 12-month low of $81.62 and a 12-month high of $142.00.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal 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.