Mutual of America Capital Management LLC Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Mutual of America Capital Management LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 19.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,431 shares of the financial services provider's stock after purchasing an additional 7,394 shares during the period. Mutual of America Capital Management LLC's holdings in CBRE Group were worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after buying an additional 277,922 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 during the last quarter. Earnest Partners LLC increased its stake in 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 increased its stake in CBRE Group by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider's stock valued at $295,640,000 after buying an additional 142,088 shares during the last quarter. Finally, Vulcan Value Partners LLC increased its stake in CBRE Group by 4.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider's stock valued at $237,323,000 after buying an additional 123,108 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Down 0.8 %

CBRE Group stock traded down $1.07 during trading hours on Wednesday, reaching $131.09. The stock had a trading volume of 624,486 shares, compared to its average volume of 1,664,726. The stock has a market cap of $40.12 billion, a PE ratio of 42.50 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $76.63 and a 52 week high of $137.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a fifty day simple moving average of $125.92 and a 200-day simple moving average of $107.82.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company's revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Analysts forecast that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. 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. Morgan Stanley assumed coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 price objective for the company. Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Raymond James increased their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased 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. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

Insider Activity

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business'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 sale, the chief executive officer now owns 217,094 shares of the company's stock, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was 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.

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.