Eaton Vance Management Acquires Shares of 177,904 CBRE Group Inc (CBRE)

Eaton Vance Management acquired a new stake in CBRE Group Inc (NYSE:CBRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 177,904 shares of the financial services provider’s stock, valued at approximately $7,846,000. Eaton Vance Management owned 0.05% of CBRE Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CBRE. BlackRock Inc. purchased a new position in shares of CBRE Group in the third quarter valued at approximately $1,011,772,000. JPMorgan Chase & Co. purchased a new position in shares of CBRE Group in the third quarter valued at approximately $638,351,000. FMR LLC purchased a new position in shares of CBRE Group in the third quarter valued at approximately $327,956,000. Janus Henderson Group PLC purchased a new position in shares of CBRE Group in the third quarter valued at approximately $320,705,000. Finally, Cantillon Capital Management LLC purchased a new position in shares of CBRE Group in the third quarter valued at approximately $311,569,000. 94.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CBRE opened at $42.60 on Friday. The company has a market capitalization of $14.23 billion, a P/E ratio of 15.72, a PEG ratio of 1.00 and a beta of 1.78. CBRE Group Inc has a fifty-two week low of $38.05 and a fifty-two week high of $50.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.16.



CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.17 billion. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts predict that CBRE Group Inc will post 3.2 earnings per share for the current fiscal year.

In related news, Director Gerardo I. Lopez acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of $42.41 per share, with a total value of $212,050.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is currently owned by company insiders.

CBRE has been the topic of several analyst reports. Bank of America reduced their target price on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Barclays raised their target price on shares of CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Finally, ValuEngine cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. CBRE Group presently has an average rating of “Buy” and an average target price of $52.56.

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CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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