19,679 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,679 shares of the financial services provider's stock, valued at approximately $1,719,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Coronation Fund Managers Ltd. raised its position in shares of CBRE Group by 13.2% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 79,834 shares of the financial services provider's stock valued at $7,114,000 after buying an additional 9,303 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in CBRE Group during the second quarter worth about $101,000. Cetera Investment Advisers lifted its stake in CBRE Group by 0.6% during the second quarter. Cetera Investment Advisers now owns 28,109 shares of the financial services provider's stock worth $2,505,000 after purchasing an additional 162 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of CBRE Group in the 2nd quarter worth about $844,000. Finally, EP Wealth Advisors LLC increased its position in shares of CBRE Group by 5.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,063 shares of the financial services provider's stock valued at $273,000 after purchasing an additional 152 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now owns 71,969 shares of the company's stock, valued at approximately $7,836,704.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 value of $1,214,864.00. Following the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the business's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the sale, the chief financial officer now directly owns 71,969 shares in the company, valued at $7,836,704.41. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,232 shares of company stock valued at $3,058,787. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James lifted their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $110.00 to $120.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. Evercore ISI lifted their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Finally, UBS Group dropped their target price on CBRE Group from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.83.

CBRE Group Trading Down 0.1 %

Shares of CBRE Group stock traded down $0.13 during midday trading on Wednesday, reaching $120.90. 907,260 shares of the company's stock traded hands, compared to its average volume of 1,638,713. The company has a market cap of $37.10 billion, a PE ratio of 37.66 and a beta of 1.40. The stock has a 50 day moving average of $116.00 and a 200-day moving average of $99.73. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $125.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm had revenue of $8.39 billion during the quarter, compared to analysts' expectations of $8.31 billion. During the same period last year, the company posted $0.82 EPS. The company's quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

CBRE Group Company 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.