B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in CBRE Group, Inc. (NYSE:CBRE)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 22,989 shares of the financial services provider’s stock, valued at approximately $2,862,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRE. American National Bank & Trust acquired a new stake in CBRE Group in the 3rd quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. Crewe Advisors LLC acquired a new stake in CBRE Group in the first quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Raymond James boosted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Morgan Stanley started coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Down 0.3 %

CBRE Group stock opened at $131.78 on Thursday. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day moving average price is $126.21 and its 200 day moving average price is $107.99. The company has a market cap of $40.33 billion, a PE ratio of 42.37 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

About CBRE Group

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.