CBRE Group, Inc. (NYSE:CBRE) is HTG Investment Advisors Inc.'s 2nd Largest Position

HTG Investment Advisors Inc. trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,170 shares of the financial services provider's stock after selling 20,309 shares during the period. CBRE Group comprises about 8.5% of HTG Investment Advisors Inc.'s investment portfolio, making the stock its 2nd largest position. HTG Investment Advisors Inc.'s holdings in CBRE Group were worth $18,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of CBRE Group during the 1st quarter worth about $162,576,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock worth $329,320,000 after acquiring an additional 993,963 shares during the period. Eminence Capital LP lifted its holdings in shares of CBRE Group by 42.6% during the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after acquiring an additional 453,406 shares during the period. Maverick Capital Ltd. purchased a new position in shares of CBRE Group during the 2nd quarter worth about $36,820,000. Finally, Delta Global Management LP lifted its holdings in shares of CBRE Group by 266.2% during the 1st quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider's stock worth $52,877,000 after acquiring an additional 395,297 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Christopher T. Jenny sold 10,847 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 51,244 shares in the company, 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 SEC, which is accessible through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm's 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 transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

CBRE Group Stock Up 3.1 %

Shares of CBRE stock traded up $4.03 during mid-day trading on Friday, reaching $136.08. 1,691,087 shares of the company were exchanged, compared to its average volume of 1,857,418. CBRE Group, Inc. has a fifty-two week low of $71.96 and a fifty-two week high of $137.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $41.64 billion, a P/E ratio of 43.76 and a beta of 1.39. The business's 50 day simple moving average is $123.38 and its 200 day simple moving average is $105.41.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the business posted $0.72 earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts predict that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

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.