66,273 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 66,273 shares of the financial services provider's stock, valued at approximately $8,250,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank & Trust bought a new position in CBRE Group in the third quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. lifted its stake in 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 worth $29,000 after purchasing an additional 215 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of CBRE Group during the 1st quarter worth approximately $30,000. Wolff Wiese Magana LLC increased its holdings in CBRE Group by 2,830.0% in 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 last quarter. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group in the third quarter worth $40,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company 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. Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price target on the stock. Finally, Raymond James lifted their target price on 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 equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.83.

Insider Activity

In other news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company's 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

CBRE Group Price Performance

Shares of NYSE:CBRE traded down $0.88 during midday trading on Tuesday, hitting $134.92. 548,051 shares of the stock were exchanged, compared to its average volume of 1,659,491. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a twelve month low of $72.10 and a twelve month high of $137.93. The stock has a market cap of $41.29 billion, a P/E ratio of 43.67 and a beta of 1.39. The company has a 50 day moving average price of $123.79 and a 200-day moving average price of $105.89.

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 for the quarter, topping the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. On average, research analysts forecast 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.