Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 777,036 shares of the financial services provider's stock after buying an additional 13,801 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of CBRE Group worth $96,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. American National Bank & Trust purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the third quarter valued at $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 during the last quarter. Crewe Advisors LLC acquired a new position in shares of CBRE Group during the 1st quarter worth about $30,000. Finally, Asset Dedication LLC purchased a new position in shares of CBRE Group in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE stock traded down $1.72 during trading on Thursday, hitting $133.83. The company had a trading volume of 1,068,454 shares, compared to its average volume of 1,661,160. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. 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 firm has a 50-day moving average price of $124.57 and a 200-day moving average price of $106.42. The firm has a market cap of $40.95 billion, a PE ratio of 43.59 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (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 business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the firm posted $0.72 EPS. The business's revenue was up 14.8% compared to the same quarter last year. On average, analysts expect that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Raymond James upped 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 lifted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Finally, Morgan Stanley assumed coverage on CBRE Group in a research report on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 target price for the company. Five equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $116.83.

Insider Transactions at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were 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 of the company's stock, valued at $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 217,094 shares of the company's stock, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

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.