Plato Investment Management Ltd Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Plato Investment Management Ltd increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 39.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,348 shares of the financial services provider's stock after acquiring an additional 7,132 shares during the quarter. Plato Investment Management Ltd's holdings in CBRE Group were worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in CBRE Group by 500.1% in the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider's stock valued at $2,718,000 after buying an additional 23,290 shares during the last quarter. Natixis lifted its stake in CBRE Group by 69.0% during the first quarter. Natixis now owns 55,018 shares of the financial services provider's stock worth $5,350,000 after purchasing an additional 22,464 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of CBRE Group by 232.4% during the first quarter. Intech Investment Management LLC now owns 13,961 shares of the financial services provider's stock worth $1,358,000 after buying an additional 9,761 shares during the period. Bayesian Capital Management LP lifted its stake in CBRE Group by 138.8% during the 1st quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider's stock worth $963,000 after acquiring an additional 5,754 shares in the last quarter. Finally, Czech National Bank boosted its holdings in CBRE Group by 9.8% during the 2nd quarter. Czech National Bank now owns 57,473 shares of the financial services provider's stock valued at $5,121,000 after acquiring an additional 5,125 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded down $3.53 during trading on Thursday, reaching $132.02. The company had a trading volume of 2,456,201 shares, compared to its average volume of 1,667,437. CBRE Group, Inc. has a fifty-two week low of $76.63 and a fifty-two 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 stock's fifty day moving average price is $124.57 and its 200 day moving average price is $106.42. The firm has a market capitalization of $40.40 billion, a price-to-earnings ratio of 43.59 and a beta of 1.39.

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 the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company 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 company posted $0.72 EPS. CBRE Group's revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that CBRE Group, Inc. will post 4.96 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the transaction, the director now owns 51,244 shares of the company's stock, valued at approximately $5,739,328. The trade was a 17.47 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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.