Los Angeles Capital Management LLC Acquires New Holdings in CBRE Group, Inc. (NYSE:CBRE)

Los Angeles Capital Management LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the third quarter, HoldingsChannel reports. The fund purchased 66,273 shares of the financial services provider’s stock, valued at approximately $8,250,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake 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 period. Natixis raised its holdings in shares of CBRE Group by 69.0% during the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock worth $5,350,000 after acquiring an additional 22,464 shares during the period. Intech Investment Management LLC lifted its position in CBRE Group by 232.4% in the 1st quarter. Intech Investment Management LLC now owns 13,961 shares of the financial services provider’s stock valued at $1,358,000 after acquiring an additional 9,761 shares in the last quarter. Bayesian Capital Management LP boosted its stake in CBRE Group by 138.8% in the 1st quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 5,754 shares during the period. Finally, Czech National Bank increased its holdings in CBRE Group by 9.8% during the 2nd quarter. Czech National Bank now owns 57,473 shares of the financial services provider’s stock worth $5,121,000 after purchasing an additional 5,125 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE stock opened at $135.80 on Tuesday. The company has a fifty day moving average price of $123.38 and a two-hundred day moving average price of $105.54. CBRE Group, Inc. has a one year low of $72.10 and a one year high of $137.93. The stock has a market cap of $41.56 billion, a P/E ratio of 43.67 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS 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 analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. As a group, equities analysts predict that CBRE Group, Inc. will post 4.96 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.