Erste Asset Management GmbH Acquires New Holdings in CBRE Group, Inc. (NYSE:CBRE)

Erste Asset Management GmbH acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,600 shares of the financial services provider's stock, valued at approximately $2,168,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new position in CBRE Group in the 3rd quarter valued at about $27,000. American National Bank & Trust purchased a new stake in CBRE Group during the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $32,000. Wolff Wiese Magana LLC increased its position in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the 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 completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $0.62 on Wednesday, reaching $137.76. 2,167,599 shares of the company's stock were exchanged, compared to its average volume of 1,689,482. The firm has a market capitalization of $42.16 billion, a price-to-earnings ratio of 44.29 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $80.61 and a fifty-two week high of $142.00. The business's 50-day moving average is $129.72 and its two-hundred day moving average is $111.43. 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 - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the company earned $0.72 EPS. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CBRE shares. Evercore ISI increased their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research 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 note on Tuesday, October 29th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.00.

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.