M&T Bank Corp Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

M&T Bank Corp increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,907 shares of the financial services provider’s stock after purchasing an additional 1,664 shares during the period. M&T Bank Corp’s holdings in CBRE Group were worth $4,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its holdings in CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the period. Headinvest LLC acquired a new position in shares of CBRE Group during the third quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $45,000. Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $48,000. Finally, Planned Solutions Inc. acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.2 %

CBRE opened at $86.51 on Wednesday. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 26.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.17. The business has a fifty day moving average price of $91.54 and a 200 day moving average price of $86.27.

CBRE Group (NYSE:CBRE) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the previous year, the firm posted $0.92 EPS. CBRE Group’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts expect that CBRE Group, Inc. will post 4.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock valued at $3,675,752 in the last three months. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CBRE. Keefe, Bruyette & Woods increased their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Jefferies Financial Group began coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. Raymond James lifted their price objective on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Evercore ISI lifted their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CBRE Group has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; 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.