CBRE Group, Inc. (NYSE:CBRE) Stake Lessened by James Investment Research Inc.

James Investment Research Inc. lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,853 shares of the financial services provider’s stock after selling 666 shares during the period. James Investment Research Inc.’s holdings in CBRE Group were worth $4,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust bought a new stake in shares of CBRE Group during the third quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. raised 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 buying an additional 215 shares during the period. Crewe Advisors LLC purchased a new position in CBRE Group during the 1st quarter valued at about $30,000. Wolff Wiese Magana LLC grew its stake 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 valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 0.6 %

NYSE:CBRE opened at $130.18 on Friday. The firm has a market capitalization of $39.84 billion, a price-to-earnings ratio of 41.86 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $71.09 and a twelve month high of $136.06. The stock’s 50 day moving average price is $121.64 and its two-hundred day moving average price is $103.64. 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 (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. Equities research analysts expect that CBRE Group, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,232 shares of company stock valued at $2,839,047. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore ISI boosted their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday. Morgan Stanley began 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, Raymond James upped their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $116.83.

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.