Bamco Inc. NY Buys 165,838 Shares of CBRE Group, Inc. (NYSE:CBRE)

Bamco Inc. NY raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,299,831 shares of the financial services provider’s stock after purchasing an additional 165,838 shares during the quarter. Bamco Inc. NY owned 0.42% of CBRE Group worth $161,803,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its position in CBRE Group by 46.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,969 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 1,256 shares during the period. Cetera Investment Advisers boosted its position in shares of CBRE Group by 500.1% during the 1st 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 in the last quarter. Cetera Advisors LLC increased its stake in CBRE Group by 9.1% in the first quarter. Cetera Advisors LLC now owns 13,074 shares of the financial services provider’s stock valued at $1,271,000 after acquiring an additional 1,090 shares during the period. EverSource Wealth Advisors LLC raised its position in CBRE Group by 44.8% in the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 165 shares in the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in CBRE Group during the second quarter worth about $527,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 0.5 %

Shares of NYSE CBRE opened at $139.99 on Monday. CBRE Group, Inc. has a 1-year low of $78.18 and a 1-year high of $142.00. The company has a 50-day moving average of $128.80 and a two-hundred day moving average of $110.59. The company has a market cap of $42.84 billion, a PE ratio of 45.01 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm 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%. CBRE Group’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, equities analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $24,894,168.98. This represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following 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 position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of several analyst reports. 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. Evercore ISI upped their target price 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 lifted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.00.

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.