Signaturefd LLC raised its holdings in shares of CBRE Group Inc (NYSE:CBRE) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,908 shares of the financial services provider’s stock after purchasing an additional 570 shares during the quarter. Signaturefd LLC’s holdings in CBRE Group were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Hexavest Inc. bought a new position in CBRE Group during the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new stake in shares of CBRE Group in the 2nd quarter worth about $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CBRE Group in the 2nd quarter worth about $33,000. Enterprise Financial Services Corp lifted its holdings in shares of CBRE Group by 680.6% in the 2nd quarter. Enterprise Financial Services Corp now owns 765 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 667 shares during the last quarter. Finally, Carroll Financial Associates Inc. lifted its holdings in shares of CBRE Group by 115.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 798 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 428 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.
CBRE stock traded down $0.14 during trading on Friday, hitting $52.21. The company had a trading volume of 1,760,298 shares, compared to its average volume of 1,766,387. The firm has a market capitalization of $17.56 billion, a P/E ratio of 15.92, a PEG ratio of 1.27 and a beta of 1.69. CBRE Group Inc has a 52-week low of $37.45 and a 52-week high of $56.47. The company has a 50 day simple moving average of $52.58 and a 200-day simple moving average of $51.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.
Several equities research analysts have recently issued reports on CBRE shares. Raymond James raised their target price on shares of CBRE Group from $65.00 to $67.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. ValuEngine lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. UBS Group raised their target price on shares of CBRE Group from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Compass Point started coverage on shares of CBRE Group in a report on Wednesday, July 10th. They issued a “neutral” rating and a $54.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $57.40.
In related news, insider James R. Groch sold 75,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $54.10, for a total value of $4,057,500.00. Following the transaction, the insider now owns 318,000 shares of the company’s stock, valued at approximately $17,203,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert E. Sulentic sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the insider now directly owns 829,011 shares in the company, valued at approximately $41,450,550. The disclosure for this sale can be found here. Insiders sold a total of 3,165,000 shares of company stock worth $170,394,000 in the last ninety days. 0.74% of the stock is currently owned by insiders.
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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