Wilmington Savings Fund Society FSB Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Wilmington Savings Fund Society FSB purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,715 shares of the financial services provider's stock, valued at approximately $2,330,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at $27,000. American National Bank & Trust acquired a new stake in CBRE Group during the 3rd quarter worth about $28,000. Benjamin F. Edwards & Company Inc. raised its position in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after acquiring an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of 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 valued at $36,000 after purchasing an additional 283 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Evercore ISI lifted their price objective 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. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock 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. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 target price for the company. Five 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.63.

CBRE Group Price Performance

Shares of NYSE CBRE traded down $2.39 during mid-day trading on Friday, reaching $137.30. 2,045,015 shares of the company were exchanged, compared to its average volume of 1,690,342. The stock has a market capitalization of $42.02 billion, a PE ratio of 44.15 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $142.00. The company's 50 day moving average price is $131.69 and its 200 day moving average price is $113.63.

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 for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. Sell-side analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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.