Entropy Technologies LP Has $1.08 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Entropy Technologies LP boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 143.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,651 shares of the financial services provider's stock after acquiring an additional 5,097 shares during the quarter. Entropy Technologies LP's holdings in CBRE Group were worth $1,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust acquired a new position in shares of CBRE Group in the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Crewe Advisors LLC acquired a new position in CBRE Group in the 1st quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC raised its stake in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Down 2.6 %

CBRE stock traded down $3.53 during trading hours on Thursday, hitting $132.02. The company's stock had a trading volume of 2,456,201 shares, compared to its average volume of 1,667,437. The stock has a 50 day moving average price of $124.57 and a two-hundred day moving average price of $106.42. CBRE Group, Inc. has a 12 month low of $76.63 and a 12 month high of $137.93. The company has a market capitalization of $40.40 billion, a PE ratio of 43.59 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 (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) 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 posted $0.72 earnings per share. CBRE Group's revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts expect that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the company's stock in a transaction dated 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 owns 51,244 shares of the company's stock, valued at $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at $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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBRE. Wolfe Research raised CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Evercore ISI increased their price target 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. Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price objective on the stock. Finally, 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 research note on Thursday, July 25th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.83.

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.