Jupiter Asset Management Ltd. Purchases Shares of 11,999 CBRE Group, Inc. (NYSE:CBRE)

Jupiter Asset Management Ltd. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,999 shares of the financial services provider’s stock, valued at approximately $1,029,000.

A number of other institutional investors also recently made changes to their positions in CBRE. Citizens Financial Group Inc RI grew its position in shares of CBRE Group by 3.7% during the first quarter. Citizens Financial Group Inc RI now owns 3,307 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 117 shares during the last quarter. WealthStone Inc. grew its position in shares of CBRE Group by 2.4% during the first quarter. WealthStone Inc. now owns 5,162 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 119 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of CBRE Group by 0.3% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 47,226 shares of the financial services provider’s stock worth $3,736,000 after acquiring an additional 125 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of CBRE Group by 18.7% during the first quarter. Penserra Capital Management LLC now owns 811 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 128 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of CBRE Group by 3.5% during the first quarter. Quadrant Capital Group LLC now owns 4,254 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

In other news, COO J. Christopher Kirk sold 18,000 shares of CBRE Group stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $97.01, for a total transaction of $1,746,180.00. Following the completion of the transaction, the chief operating officer now owns 141,398 shares of the company’s stock, valued at approximately $13,717,019.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brandon B. Boze sold 341,000 shares of CBRE Group stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $95.47, for a total value of $32,555,270.00. The disclosure for this sale can be found here. In the last three months, insiders sold 661,227 shares of company stock valued at $63,439,266. 0.75% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of CBRE Group in a research report on Monday, June 14th. They set an “outperform” rating and a $112.00 target price on the stock. Raymond James lifted their price objective on shares of CBRE Group from $93.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $83.00.

CBRE Group stock opened at $98.01 on Tuesday. CBRE Group, Inc. has a one year low of $43.17 and a one year high of $99.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.39 and a current ratio of 1.39. The business has a fifty day moving average of $92.37 and a two-hundred day moving average of $86.48. The company has a market cap of $32.91 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.49.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, July 28th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.58. CBRE Group had a return on equity of 20.78% and a net margin of 4.84%. The company had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.05 billion. Sell-side analysts predict that CBRE Group, Inc. will post 4.83 EPS for the current year.

CBRE Group Profile

CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.

Recommended Story: What is basic economics?

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE).

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

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.