CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,505 shares of the financial services provider's stock after buying an additional 5,743 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of CBRE Group worth $26,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Canton Hathaway LLC bought a new position in shares of CBRE Group in the third quarter worth about $27,000. American National Bank & Trust purchased a new position in CBRE Group in the third quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group during the 3rd quarter valued at approximately $32,000. Wolff Wiese Magana LLC increased its position in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in CBRE Group in the 3rd quarter worth about $40,000. Institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Evercore ISI lifted their target price 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 raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Finally, Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.00.

Insider Transactions at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction 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 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 4.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Stock Down 0.5 %

Shares of CBRE traded down $0.72 during midday trading on Friday, reaching $139.99. The stock had a trading volume of 1,344,161 shares, compared to its average volume of 1,874,026. CBRE Group, Inc. has a 1-year low of $78.18 and a 1-year 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. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 45.01 and a beta of 1.39. The company's fifty day simple moving average is $128.80 and its two-hundred day simple moving average is $110.59.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share 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 business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the business earned $0.72 EPS. The business's quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

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.