ING Groep NV Buys 34,899 Shares of CBRE Group, Inc. (NYSE:CBRE)

ING Groep NV grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 132.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,284 shares of the financial services provider's stock after buying an additional 34,899 shares during the period. ING Groep NV's holdings in CBRE Group were worth $7,629,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its stake in CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock worth $218,000 after buying an additional 79 shares in the last quarter. Stephens Inc. AR boosted its position in shares of CBRE Group by 3.1% during the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock worth $329,000 after acquiring an additional 80 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock valued at $492,000 after acquiring an additional 82 shares during the last quarter. Private Advisor Group LLC raised its position in CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock valued at $957,000 after purchasing an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas lifted its stake in CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider's stock worth $1,902,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction 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 transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. This trade represents a 17.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE traded down $1.77 during midday trading on Friday, reaching $130.23. The company had a trading volume of 1,660,305 shares, compared to its average volume of 1,667,408. CBRE Group, Inc. has a 12-month low of $76.63 and a 12-month high of $137.93. The business has a 50-day moving average price of $125.26 and a two-hundred day moving average price of $106.89. The stock has a market cap of $39.85 billion, a PE ratio of 41.87 and a beta of 1.39. 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 (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the business posted $0.72 EPS. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.96 earnings per share for the current fiscal year.

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.