CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 129,750 shares of the financial services provider's stock after purchasing an additional 4,248 shares during the period. Royal London Asset Management Ltd.'s holdings in CBRE Group were worth $16,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CBRE. Canton Hathaway LLC purchased a new stake in CBRE Group during the third quarter worth about $27,000. American National Bank & Trust acquired a new position in shares of CBRE Group in the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC lifted its holdings in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in CBRE Group in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Up 1.1 %

CBRE stock traded up $1.46 during midday trading on Friday, reaching $137.88. 1,148,409 shares of the company were exchanged, compared to its average volume of 1,932,171. The company has a market cap of $42.19 billion, a price-to-earnings ratio of 44.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 1-year low of $80.97 and a 1-year high of $142.00. The stock's 50-day simple moving average is $130.27 and its 200 day simple moving average is $112.24.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $0.72 EPS. The company's revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBRE. Citigroup upped 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. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday. They issued a "buy" rating and a $176.00 price target on the stock. Evercore ISI lifted their price objective on 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 upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Finally, Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.63.

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.