Quantinno Capital Management LP Boosts Position in CBRE Group, Inc. (NYSE:CBRE)

Quantinno Capital Management LP lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,475 shares of the financial services provider's stock after purchasing an additional 6,609 shares during the period. Quantinno Capital Management LP's holdings in CBRE Group were worth $13,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Royal London Asset Management Ltd. boosted its holdings in shares of CBRE Group by 3.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 129,750 shares of the financial services provider's stock worth $16,151,000 after purchasing an additional 4,248 shares during the last quarter. Maven Securities LTD acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $321,000. Integrated Wealth Concepts LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $208,000. Investment Management Corp of Ontario boosted its holdings in shares of CBRE Group by 49.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 10,252 shares of the financial services provider's stock worth $1,276,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of CBRE Group by 2.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 100,467 shares of the financial services provider's stock worth $12,506,000 after purchasing an additional 2,049 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

CBRE Group Trading Down 0.3 %

NYSE:CBRE traded down $0.47 on Thursday, reaching $137.28. 452,929 shares of the company's stock were exchanged, compared to its average volume of 1,684,037. The business has a fifty day moving average of $129.72 and a 200-day moving average of $111.43. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52-week low of $80.97 and a 52-week high of $142.00. The firm has a market capitalization of $42.01 billion, a price-to-earnings ratio of 44.29 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results 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. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm earned $0.72 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore ISI increased their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods increased their price objective 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. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.00.

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.