Public Sector Pension Investment Board Purchases 10,825 Shares of CBRE Group, Inc. (NYSE:CBRE)

Public Sector Pension Investment Board boosted its position in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 26.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,534 shares of the financial services provider’s stock after acquiring an additional 10,825 shares during the period. Public Sector Pension Investment Board’s holdings in CBRE Group were worth $6,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. B. Riley Wealth Advisors Inc. raised its position in shares of CBRE Group by 46.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,969 shares of the financial services provider’s stock worth $386,000 after buying an additional 1,256 shares in the last quarter. Tidal Investments LLC increased its stake in CBRE Group by 188.0% in the 1st quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 10,740 shares during the last quarter. Atria Investments Inc raised its holdings in shares of CBRE Group by 61.5% in the 1st quarter. Atria Investments Inc now owns 29,643 shares of the financial services provider’s stock valued at $2,882,000 after acquiring an additional 11,289 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 23,290 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of CBRE Group by 9.1% during the first quarter. Cetera Advisors LLC now owns 13,074 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 1,090 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBRE shares. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Evercore ISI upped their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Read Our Latest Stock Analysis on CBRE Group

CBRE Group Stock Performance

CBRE Group stock opened at $139.99 on Friday. The firm has a fifty day simple moving average of $128.80 and a two-hundred day simple moving average of $110.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00. The company has a market capitalization of $42.84 billion, a PE ratio of 45.01 and a beta of 1.39.

CBRE Group (NYSE:CBREGet Free Report) last released its 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 company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the company posted $0.72 EPS. CBRE Group’s revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current year.

CBRE Group Profile

(Free Report)

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.

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

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