Swiss National Bank Acquires 5,600 Shares of CBRE Group, Inc. (NYSE:CBRE)

Swiss National Bank grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 910,700 shares of the financial services provider's stock after purchasing an additional 5,600 shares during the quarter. Swiss National Bank owned 0.30% of CBRE Group worth $113,364,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its stake in CBRE Group by 500.1% during the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider's stock valued at $2,718,000 after buying an additional 23,290 shares in the last quarter. Natixis lifted its holdings in shares of CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider's stock valued at $5,350,000 after purchasing an additional 22,464 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of CBRE Group by 232.4% during the first quarter. Intech Investment Management LLC now owns 13,961 shares of the financial services provider's stock valued at $1,358,000 after buying an additional 9,761 shares in the last quarter. Bayesian Capital Management LP lifted its stake in CBRE Group by 138.8% in the 1st quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider's stock worth $963,000 after acquiring an additional 5,754 shares in the last quarter. Finally, Czech National Bank boosted its position in CBRE Group by 9.8% during the 2nd quarter. Czech National Bank now owns 57,473 shares of the financial services provider's stock worth $5,121,000 after acquiring an additional 5,125 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE traded up $0.08 on Tuesday, hitting $132.75. The company had a trading volume of 871,845 shares, compared to its average volume of 1,664,773. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company's fifty day moving average price is $125.61 and its 200 day moving average price is $107.50. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 42.80 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 EPS 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 the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Equities analysts predict that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

CBRE has been the topic of several research reports. 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. Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Finally, Wolfe Research raised CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

Insider Activity

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the company'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 value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at $24,894,168.98. This represents a 4.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by company insiders.

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.