B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 22,989 CBRE Group, Inc. (NYSE:CBRE)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,989 shares of the financial services provider's stock, valued at approximately $2,862,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after purchasing an additional 277,922 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of CBRE Group by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock valued at $763,909,000 after buying an additional 49,732 shares in the last quarter. Earnest Partners LLC grew its position in shares of CBRE Group by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider's stock valued at $324,085,000 after buying an additional 54,510 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CBRE Group by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider's stock worth $295,640,000 after acquiring an additional 142,088 shares in the last quarter. Finally, Vulcan Value Partners LLC lifted its position in CBRE Group by 4.8% in the second quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider's stock valued at $237,323,000 after acquiring an additional 123,108 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the company's 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 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. Insiders own 0.54% of the company's stock.

CBRE Group Stock Down 0.3 %

CBRE stock opened at $131.78 on Thursday. CBRE Group, Inc. has a 52 week low of $76.63 and a 52 week high of $137.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $40.33 billion, a P/E ratio of 42.37 and a beta of 1.39. The company's 50-day moving average price is $126.21 and its 200 day moving average price is $107.99.

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, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. On average, research analysts expect that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

CBRE Group 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.