230,612 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 230,612 shares of the financial services provider’s stock, valued at approximately $28,707,000. CBRE Group comprises about 3.9% of Waterfront Capital Partners LLC’s portfolio, making the stock its 7th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Lindbrook Capital LLC raised its position in CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 79 shares during the last quarter. Stephens Inc. AR raised its position in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 80 shares during the last quarter. Fidelis Capital Partners LLC raised its position in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 82 shares during the last quarter. Private Advisor Group LLC raised its position in CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 90 shares during the last quarter. Finally, Community Bank & Trust Waco Texas raised its position in CBRE Group by 0.6% in the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after purchasing an additional 93 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction on 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 sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was 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 of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Trading Up 0.2 %

NYSE CBRE opened at $140.71 on Friday. The business has a 50 day simple moving average of $128.43 and a 200 day simple moving average of $109.95. The stock has a market capitalization of $43.06 billion, a P/E ratio of 45.24 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, Inc. has a one year low of $78.18 and a one year high of $142.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

CBRE Group 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.