QRG Capital Management Inc. Purchases 10,410 Shares of CBRE Group, Inc. (NYSE:CBRE)

QRG Capital Management Inc. boosted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,349 shares of the financial services provider's stock after buying an additional 10,410 shares during the period. QRG Capital Management Inc. owned 0.08% of CBRE Group worth $28,798,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of CBRE Group by 20.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the financial services provider's stock worth $1,480,000 after buying an additional 2,615 shares during the period. Commonwealth Equity Services LLC boosted its position in CBRE Group by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,700 shares of the financial services provider's stock worth $1,041,000 after acquiring an additional 242 shares during the period. Van ECK Associates Corp grew its stake in shares of CBRE Group by 1.6% in the first quarter. Van ECK Associates Corp now owns 19,026 shares of the financial services provider's stock worth $1,850,000 after purchasing an additional 305 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CBRE Group by 2.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,355 shares of the financial services provider's stock valued at $8,689,000 after purchasing an additional 1,869 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of CBRE Group during the first quarter valued at about $336,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Raymond James raised their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 25th. Evercore ISI raised their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods raised 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. Finally, Morgan Stanley began 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 objective on the stock. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.83.

Insider Buying and Selling at CBRE Group

In other news, Director Christopher T. Jenny sold 10,847 shares of the business's stock in a transaction 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 transaction, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The trade was 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. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is currently owned by company insiders.

CBRE Group Price Performance

CBRE Group stock traded up $1.36 during mid-day trading on Monday, hitting $131.54. The company's stock had a trading volume of 1,081,005 shares, compared to its average volume of 1,657,851. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $40.25 billion, a P/E ratio of 42.30 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $71.96 and a twelve month high of $136.06. The stock's fifty day moving average price is $121.94 and its two-hundred day moving average price is $104.22.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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 firm had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Research analysts forecast that CBRE Group, Inc. will post 5.03 earnings per share for the current 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.