Royal London Asset Management Ltd. Increases Stake in CBRE Group, Inc. (NYSE:CBRE)

Royal London Asset Management Ltd. grew its position in CBRE Group, Inc. (NYSE:CBRE) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in CBRE Group by 500.1% in the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock worth $2,718,000 after acquiring an additional 23,290 shares during the last quarter. Natixis raised its stake in shares of CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock worth $5,350,000 after purchasing an additional 22,464 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of CBRE Group during the first quarter valued at $1,118,000. Nordea Investment Management AB boosted its position in shares of CBRE Group by 1,730.4% during the first quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after buying an additional 372,870 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in CBRE Group by 103.8% in the 4th quarter. Fisher Asset Management LLC now owns 44,065 shares of the financial services provider’s stock worth $4,102,000 after buying an additional 22,442 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group dropped 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. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $100.00 to $123.00 in a report on Friday, July 26th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley assumed coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Finally, Raymond James lifted their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.29.

CBRE Group Trading Up 0.3 %

NYSE:CBRE opened at $117.46 on Friday. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $118.39. The business has a fifty day moving average price of $107.46 and a 200-day moving average price of $96.07. The firm has a market capitalization of $36.04 billion, a price-to-earnings ratio of 36.59 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 results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Buying and Selling

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group 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 transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $24,894,168.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is owned by corporate insiders.

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.