TCW Group Inc. Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

TCW Group Inc. increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 111.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,188 shares of the financial services provider's stock after acquiring an additional 44,957 shares during the quarter. TCW Group Inc.'s holdings in CBRE Group were worth $10,604,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CBRE. Lindbrook Capital LLC raised its position in CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after purchasing an additional 79 shares during the period. Stephens Inc. AR increased its position in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock worth $329,000 after acquiring an additional 80 shares during the period. Fidelis Capital Partners LLC raised its position in CBRE Group by 2.1% during the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 82 shares in the last quarter. Private Advisor Group LLC grew its holdings in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after acquiring an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas boosted its stake in shares of CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider's stock valued at $1,902,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE Group stock traded up $2.02 during mid-day trading on Thursday, reaching $139.68. 2,180,795 shares of the company traded hands, compared to its average volume of 1,688,864. The firm's fifty day moving average is $131.02 and its two-hundred day moving average is $113.10. The company has a market capitalization of $42.74 billion, a price-to-earnings ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $82.02 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. 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 was up 14.8% on a year-over-year basis. On average, equities research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

CBRE has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Evercore ISI lifted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average 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.