Rathbones Group PLC Increases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Rathbones Group PLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,774 shares of the financial services provider’s stock after buying an additional 140 shares during the quarter. Rathbones Group PLC’s holdings in CBRE Group were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CBRE. Norges Bank acquired a new stake in CBRE Group in the 4th quarter worth approximately $381,164,000. Wellington Management Group LLP lifted its stake in shares of CBRE Group by 164.1% during the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock worth $419,387,000 after buying an additional 2,799,097 shares during the period. Swedbank AB purchased a new stake in shares of CBRE Group during the first quarter valued at $162,576,000. Parnassus Investments LLC purchased a new stake in shares of CBRE Group during the fourth quarter valued at $104,277,000. Finally, Harris Associates L P increased its position in shares of CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after acquiring an additional 683,225 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE opened at $118.17 on Wednesday. The firm has a fifty day moving average price of $109.30 and a 200 day moving average price of $96.72. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $120.79. The stock has a market cap of $36.26 billion, a P/E ratio of 36.81 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Insider Buying and Selling

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 completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group 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 sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the transaction, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research analyst reports. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $100.00 to $123.00 in a research report on Friday, July 26th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, UBS Group reduced their target price 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.