Royal London Asset Management Ltd. Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Royal London Asset Management Ltd. lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,502 shares of the financial services provider’s stock after buying an additional 3,720 shares during the period. Royal London Asset Management Ltd.’s holdings in CBRE Group were worth $11,183,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. boosted its position in CBRE Group by 8.7% during the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after buying an additional 138 shares during the period. First Horizon Advisors Inc. grew its position in CBRE Group by 18.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 144 shares during the last quarter. Humankind Investments LLC increased its stake in CBRE Group by 5.3% in the 4th quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 146 shares during the period. Tower Research Capital LLC TRC lifted its position in CBRE Group by 0.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock valued at $3,955,000 after purchasing an additional 149 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of CBRE Group by 18.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 156 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE Group stock opened at $117.46 on Friday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $118.39. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 36.59 and a beta of 1.40. The stock’s 50 day simple moving average is $107.46 and its two-hundred day simple moving average is $96.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, analysts expect that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the sale, the chief accounting officer now owns 16,606 shares in the company, valued at approximately $1,824,501.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,232 shares of company stock worth $3,058,787. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBRE. UBS Group cut their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Morgan Stanley began coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $100.00 to $123.00 in a research report on Friday, July 26th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods boosted their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $110.29.

About CBRE Group

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.