7,772 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,772 shares of the financial services provider's stock, valued at approximately $967,000.

A number of other institutional investors also recently modified their holdings of the stock. Stephens Inc. AR raised its stake in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock valued at $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC lifted its position in shares of CBRE Group by 2.1% during the 3rd 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 period. Private Advisor Group LLC raised its holdings in shares of CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after acquiring an additional 90 shares during the last quarter. Studio Investment Management LLC boosted its holdings in CBRE Group by 2.5% during the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider's stock worth $494,000 after purchasing an additional 135 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of CBRE Group by 8.7% in the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider's stock worth $167,000 after purchasing an additional 138 shares during the period. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on 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 sale, the director now owns 51,244 shares of the company's stock, valued at $5,739,328. This represents a 0.00 % 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, 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 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Trading Up 0.1 %

Shares of CBRE traded up $0.18 during mid-day trading on Monday, hitting $136.26. The company had a trading volume of 894,306 shares, compared to its average volume of 1,659,175. The business's 50-day simple moving average is $123.38 and its 200-day simple moving average is $105.54. 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 1-year low of $72.10 and a 1-year high of $137.93. The stock has a market cap of $41.70 billion, a PE ratio of 44.28 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Sell-side analysts forecast that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Raymond James raised their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 25th. Morgan Stanley initiated coverage on CBRE Group in a research note on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Finally, Evercore ISI lifted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

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.