Campbell & CO Investment Adviser LLC Buys New Stake in CBRE Group Inc (NYSE:CBRE)

Campbell & CO Investment Adviser LLC bought a new stake in shares of CBRE Group Inc (NYSE:CBRE) in the third quarter, Holdings Channel.com reports. The institutional investor bought 5,147 shares of the financial services provider’s stock, valued at approximately $273,000.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in CBRE Group by 7.2% during the second quarter. BlackRock Inc. now owns 24,629,194 shares of the financial services provider’s stock valued at $1,263,479,000 after acquiring an additional 1,646,800 shares during the last quarter. Wells Fargo & Company MN lifted its position in CBRE Group by 1.5% during the second quarter. Wells Fargo & Company MN now owns 7,479,778 shares of the financial services provider’s stock valued at $383,712,000 after acquiring an additional 108,247 shares during the last quarter. APG Asset Management N.V. lifted its position in CBRE Group by 125.4% during the second quarter. APG Asset Management N.V. now owns 4,537,700 shares of the financial services provider’s stock valued at $204,412,000 after acquiring an additional 2,524,700 shares during the last quarter. Cohen & Steers Inc. lifted its position in CBRE Group by 133.4% during the second quarter. Cohen & Steers Inc. now owns 4,321,807 shares of the financial services provider’s stock valued at $221,709,000 after acquiring an additional 2,470,334 shares during the last quarter. Finally, Northern Trust Corp lifted its position in CBRE Group by 0.8% during the second quarter. Northern Trust Corp now owns 4,132,816 shares of the financial services provider’s stock valued at $212,015,000 after acquiring an additional 33,614 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. ValuEngine cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. UBS Group raised their price target 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. Raymond James raised their price target 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. Finally, Compass Point began coverage on shares of CBRE Group in a report on Wednesday, July 10th. They issued a “neutral” rating and a $54.00 price target for the company. One investment 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. The company has an average rating of “Hold” and a consensus price target of $57.40.

In other news, insider Robert E. Sulentic sold 40,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the sale, the insider now owns 829,011 shares in the company, valued at $41,450,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James R. Groch sold 75,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $54.10, for a total transaction of $4,057,500.00. Following the completion of the sale, the insider now owns 318,000 shares in the company, valued at approximately $17,203,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,165,000 shares of company stock valued at $170,394,000. Corporate insiders own 0.74% of the company’s stock.

NYSE CBRE opened at $52.21 on Monday. The company has a fifty day simple moving average of $52.58 and a two-hundred day simple moving average of $51.18. The stock has a market cap of $17.61 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.27 and a beta of 1.69. CBRE Group Inc has a 12-month low of $37.45 and a 12-month high of $56.47. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. The business had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.59 billion. CBRE Group had a net margin of 4.79% and a return on equity of 24.14%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. As a group, sell-side analysts forecast that CBRE Group Inc will post 3.75 earnings per share for the current year.

About CBRE Group

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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