2,240 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,240 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in CBRE Group by 500.1% in the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 23,290 shares during the last quarter. Principal Securities Inc. bought a new position in CBRE Group during the fourth quarter worth $844,000. Natixis lifted its holdings in CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after buying an additional 22,464 shares during the period. Quantbot Technologies LP bought a new stake in CBRE Group during the first quarter valued at $1,118,000. Finally, Nordea Investment Management AB grew its holdings in CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock worth $38,550,000 after acquiring an additional 372,870 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the transaction, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the sale, the chief financial officer now owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,385 shares of company stock worth $697,223. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CBRE shares. Morgan Stanley started coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $100.00 to $123.00 in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, UBS Group reduced their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group Stock Down 0.6 %

Shares of CBRE traded down $0.63 on Tuesday, reaching $111.87. The company’s stock had a trading volume of 114,865 shares, compared to its average volume of 1,659,103. The stock has a market capitalization of $34.32 billion, a PE ratio of 35.05 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $114.51. The firm has a fifty day moving average of $97.82 and a 200-day moving average of $92.79.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion for the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. CBRE Group’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts predict that CBRE Group, Inc. will post 4.84 EPS for the current year.

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.