Coldstream Capital Management Inc. Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Coldstream Capital Management Inc. lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 16.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,898 shares of the financial services provider’s stock after purchasing an additional 540 shares during the period. Coldstream Capital Management Inc.’s holdings in CBRE Group were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CBRE. Geode Capital Management LLC grew its holdings in CBRE Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after acquiring an additional 56,888 shares during the period. Prestige Wealth Management Group LLC increased its holdings in shares of CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 3,807 shares in the last quarter. M&T Bank Corp lifted its stake in shares of CBRE Group by 0.9% in the third quarter. M&T Bank Corp now owns 40,588 shares of the financial services provider’s stock valued at $5,053,000 after purchasing an additional 361 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of CBRE Group by 9.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 92,956 shares of the financial services provider’s stock valued at $11,571,000 after purchasing an additional 7,701 shares during the period. Finally, MML Investors Services LLC boosted its holdings in CBRE Group by 5.5% during the third quarter. MML Investors Services LLC now owns 65,922 shares of the financial services provider’s stock worth $8,206,000 after buying an additional 3,454 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Down 1.7 %

CBRE Group stock opened at $137.30 on Friday. The stock has a 50-day moving average price of $131.69 and a 200 day moving average price of $113.82. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $142.00. The stock has a market cap of $42.02 billion, a PE ratio of 44.15 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 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 business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Finally, Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.63.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’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 value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.