Geode Capital Management LLC Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Geode Capital Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,658,495 shares of the financial services provider's stock after buying an additional 56,888 shares during the quarter. Geode Capital Management LLC owned approximately 2.50% of CBRE Group worth $950,270,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CBRE. Canton Hathaway LLC bought a new position in shares of CBRE Group during the 3rd quarter worth $27,000. American National Bank & Trust bought a new position in CBRE Group during the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of 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 buying an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Evercore ISI boosted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Finally, Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus price target of $129.63.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

CBRE Group Trading Up 1.5 %

CBRE stock traded up $2.02 during trading on Thursday, reaching $139.68. The company had a trading volume of 2,180,795 shares, compared to its average volume of 1,688,864. The business has a 50 day moving average of $131.02 and a 200 day moving average of $113.10. 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 company has a market cap of $42.74 billion, a P/E ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $82.02 and a 52 week high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share 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.