CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 665,019 shares of the financial services provider's stock after buying an additional 7,148 shares during the period. Thrivent Financial for Lutherans owned approximately 0.22% of CBRE Group worth $82,782,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CBRE. American National Bank & Trust purchased a new position in shares of CBRE Group in the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. grew its position in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of CBRE Group during the first quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after acquiring an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Raymond James boosted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price objective on the stock. Evercore ISI boosted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Finally, Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $116.83.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $2.44 during trading hours on Monday, reaching $132.67. The stock had a trading volume of 1,872,105 shares, compared to its average volume of 1,668,329. The stock's 50 day moving average is $125.26 and its 200 day moving average is $107.18. The firm has a market capitalization of $40.60 billion, a PE ratio of 41.87 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $76.63 and a twelve month high of $137.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion during 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 company's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Equities analysts expect that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. This represents a 17.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

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.