Whitnell & Co. Purchases 1,100 Shares of CBRE Group Inc (NYSE:CBRE)

Whitnell & Co. raised its position in shares of CBRE Group Inc (NYSE:CBRE) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,400 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the period. Whitnell & Co.’s holdings in CBRE Group were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Fulton Bank N.A. bought a new position in shares of CBRE Group in the second quarter worth about $212,000. Swedbank lifted its stake in CBRE Group by 14.3% in the second quarter. Swedbank now owns 1,480,816 shares of the financial services provider’s stock worth $75,966,000 after acquiring an additional 185,264 shares during the period. Carroll Financial Associates Inc. lifted its stake in CBRE Group by 115.7% in the second 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 period. Hexavest Inc. purchased a new stake in CBRE Group in the second quarter worth about $30,000. Finally, AMF Pensionsforsakring AB lifted its stake in CBRE Group by 8.1% in the second quarter. AMF Pensionsforsakring AB now owns 427,092 shares of the financial services provider’s stock worth $21,910,000 after acquiring an additional 31,909 shares during the period. Institutional investors and hedge funds own 94.04% of the company’s stock.

CBRE has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of CBRE Group in a research note on Tuesday, October 29th. They issued an “overweight” rating for the company. Raymond James upped their price objective on shares of CBRE Group from $65.00 to $67.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. UBS Group upped their price objective on shares of CBRE Group from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, ValuEngine lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.40.

In other CBRE Group news, insider Robert E. Sulentic sold 40,000 shares of the 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 completion of the sale, the insider now directly owns 829,011 shares of the company’s stock, valued at $41,450,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brandon B. Boze sold 3,000,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $53.86, for a total transaction of $161,580,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,115,000 shares of company stock valued at $167,637,500. Insiders own 0.74% of the company’s stock.

NYSE:CBRE traded up $0.39 during mid-day trading on Friday, reaching $54.89. The company’s stock had a trading volume of 1,177,216 shares, compared to its average volume of 1,520,855. CBRE Group Inc has a 1 year low of $37.45 and a 1 year high of $56.60. The stock has a fifty day moving average of $52.56 and a 200-day moving average of $51.43. The firm has a market capitalization of $18.68 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.73 billion. CBRE Group had a net margin of 4.79% and a return on equity of 24.14%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, analysts expect that CBRE Group Inc will post 3.75 earnings per share for the current year.

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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