CBRE Group, Inc. (NYSE:CBRE) Stock Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,424,671 shares of the financial services provider's stock after buying an additional 277,922 shares during the period. Principal Financial Group Inc. owned approximately 2.43% of CBRE Group worth $924,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in shares of 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 purchasing an additional 23,290 shares during the period. Natixis increased its position in shares of CBRE Group by 69.0% in the 1st quarter. Natixis now owns 55,018 shares of the financial services provider's stock valued at $5,350,000 after purchasing an additional 22,464 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of CBRE Group during the 1st quarter worth $1,118,000. Intech Investment Management LLC grew its stake 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 purchasing an additional 9,761 shares in the last quarter. Finally, Bayesian Capital Management LP increased its holdings in CBRE Group by 138.8% in the first quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider's stock valued at $963,000 after buying an additional 5,754 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity

In related news, Director Christopher T. Jenny sold 10,847 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company's stock, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares of the company's stock, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher T. Jenny sold 10,847 shares of the 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 completion of the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,232 shares of company stock worth $2,839,047 over the last 90 days. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James boosted their target price on CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Evercore ISI lifted their price target 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. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price objective on the stock. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods increased their price objective on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Five equities research 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 stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $116.83.

CBRE Group Trading Up 2.1 %

Shares of CBRE traded up $2.74 during mid-day trading on Thursday, reaching $132.14. The company had a trading volume of 1,806,499 shares, compared to its average volume of 1,658,254. CBRE Group, Inc. has a fifty-two week low of $71.96 and a fifty-two week high of $136.92. The stock has a market cap of $40.44 billion, a price-to-earnings ratio of 42.25 and a beta of 1.39. 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 firm has a fifty day simple moving average of $122.61 and a 200-day simple moving average of $104.75.

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 for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm's revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.02 EPS for the current fiscal year.

About CBRE Group

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.