SRS Capital Advisors Inc. Invests $156,000 in CBRE Group Inc (CBRE) Stock

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SRS Capital Advisors Inc. acquired a new stake in CBRE Group Inc (NYSE:CBRE) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 3,538 shares of the financial services provider’s stock, valued at approximately $156,000.

A number of other large investors have also recently bought and sold shares of CBRE. Wells Fargo & Company MN purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $301,769,000. Sterling Capital Management LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $142,352,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $133,879,000. Victory Capital Management Inc. purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $48,127,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $35,227,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

CBRE opened at $42.99 on Friday. The company has a market capitalization of $14.81 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76. CBRE Group Inc has a 12 month low of $38.05 and a 12 month high of $50.43. The company has a quick ratio of 1.13, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.17 billion. CBRE Group’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that CBRE Group Inc will post 3.2 earnings per share for the current year.

In other CBRE Group news, CEO William F. Concannon sold 28,878 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $47.47, for a total value of $1,370,838.66. Following the completion of the transaction, the chief executive officer now directly owns 204,631 shares of the company’s stock, valued at approximately $9,713,833.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.

CBRE has been the subject of several research analyst reports. Bank of America decreased their price target on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, August 6th. ValuEngine lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Barclays raised their price target on shares of CBRE Group from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. CBRE Group currently has a consensus rating of “Buy” and a consensus target price of $52.56.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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