CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,810 shares of the financial services provider's stock after buying an additional 9,051 shares during the period. CIBC Asset Management Inc's holdings in CBRE Group were worth $6,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CBRE. Janney Montgomery Scott LLC bought a new position in shares of CBRE Group during the 1st quarter valued at approximately $336,000. Empowered Funds LLC grew its stake in shares of CBRE Group by 21.6% in the 1st quarter. Empowered Funds LLC now owns 3,811 shares of the financial services provider's stock worth $371,000 after buying an additional 678 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of CBRE Group by 232.4% in the 1st 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 last quarter. O Shaughnessy Asset Management LLC raised its position in shares of CBRE Group by 14.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,132 shares of the financial services provider's stock valued at $2,055,000 after buying an additional 2,673 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of CBRE Group by 112.9% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,181 shares of the financial services provider's stock valued at $504,000 after acquiring an additional 2,747 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other CBRE Group news, 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 value of $1,214,864.00. Following the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the 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 directly owns 217,094 shares of the company's stock, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Trading Up 1.9 %

CBRE stock traded up $2.44 during trading on Monday, hitting $132.67. The company had a trading volume of 1,872,928 shares, compared to its average volume of 1,668,329. The firm has a market capitalization of $40.60 billion, a P/E ratio of 41.87 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52-week low of $76.63 and a 52-week high of $137.93. The company has a 50 day simple moving average of $125.26 and a 200-day simple moving average of $107.18.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts forecast that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several analyst reports. Morgan Stanley started coverage on CBRE Group in a research note on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price objective on the stock. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lifted their price objective 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. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Finally, Raymond James raised their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.83.

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.