Natixis Advisors LLC Acquires 189,389 Shares of CBRE Group, Inc. (NYSE:CBRE)

Natixis Advisors LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899,708 shares of the financial services provider's stock after acquiring an additional 189,389 shares during the period. Natixis Advisors LLC owned approximately 0.29% of CBRE Group worth $111,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of CBRE Group during the first quarter valued at about $336,000. Empowered Funds LLC increased its stake in CBRE Group by 21.6% during the first quarter. Empowered Funds LLC now owns 3,811 shares of the financial services provider's stock valued at $371,000 after acquiring an additional 678 shares during the period. Bleakley Financial Group LLC raised its holdings in CBRE Group by 4.4% in the 1st quarter. Bleakley Financial Group LLC now owns 4,506 shares of the financial services provider's stock valued at $438,000 after acquiring an additional 191 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of CBRE Group by 54.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 32,911 shares of the financial services provider's stock worth $3,200,000 after acquiring an additional 11,540 shares during the period. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of CBRE Group by 3.7% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,638 shares of the financial services provider's stock worth $548,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Insiders Place Their Bets

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on 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 sale, the director now owns 51,244 shares in the company, valued at $5,739,328. This represents a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $1.77 during midday trading on Friday, reaching $130.23. The company had a trading volume of 1,660,305 shares, compared to its average volume of 1,667,408. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $125.26 and a 200 day simple moving average of $106.89. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. The company has a market capitalization of $39.85 billion, a price-to-earnings ratio of 41.87 and a beta of 1.39.

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 the consensus estimate 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 business's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBRE. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research report 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 initiated 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 for the company. Evercore ISI increased 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. Finally, Raymond James raised their target price on CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.