Bamco Inc. NY Increases Holdings in CBRE Group, Inc. (NYSE:CBRE)

Bamco Inc. NY boosted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,299,831 shares of the financial services provider's stock after buying an additional 165,838 shares during the quarter. Bamco Inc. NY owned approximately 0.42% of CBRE Group worth $161,803,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Canton Hathaway LLC bought a new position in CBRE Group in the third quarter valued at about $27,000. American National Bank & Trust bought a new position in shares of CBRE Group in the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. grew its position in shares of 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. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group during the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC lifted its stake 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 period. Institutional investors own 98.41% of the company's stock.

Insider Activity

In related news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

CBRE Group Trading Down 1.2 %

Shares of CBRE stock traded down $1.67 during mid-day trading on Monday, hitting $138.32. The company's stock had a trading volume of 1,028,151 shares, compared to its average volume of 1,683,945. The company has a market cap of $42.33 billion, a PE ratio of 45.01 and a beta of 1.39. The company's fifty day simple moving average is $128.80 and its 200-day simple moving average is $110.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 52 week low of $80.59 and a 52 week high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results 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 return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. CBRE Group's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of recent analyst reports. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. 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 research note on Friday, October 4th. Finally, Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.