CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,012 shares of the financial services provider’s stock after buying an additional 4,756 shares during the period. Bank of Montreal Can owned approximately 0.12% of CBRE Group worth $33,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fidelis Capital Partners LLC boosted its holdings in shares of CBRE Group by 2.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 96 shares during the last quarter. Studio Investment Management LLC boosted its holdings in CBRE Group by 2.5% in the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 135 shares during the last quarter. Mather Group LLC. grew its position in CBRE Group by 8.7% during the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 138 shares during the period. Rathbones Group PLC raised its stake in shares of CBRE Group by 3.0% during the 2nd quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after buying an additional 140 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of CBRE Group by 18.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock valued at $84,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE opened at $123.53 on Friday. The firm’s fifty day simple moving average is $112.56 and its two-hundred day simple moving average is $97.92. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $124.06. The company has a market cap of $37.90 billion, a price-to-earnings ratio of 38.48 and a beta of 1.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating 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 firm had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same period last year, the company posted $0.82 EPS. CBRE Group’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $100.00 to $123.00 in a research report on Friday, July 26th. UBS Group decreased their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Raymond James increased their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.33.

Insider Transactions at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now directly owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the sale, the chief operating officer now owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The disclosure for this sale can be found here. Insiders have sold 27,232 shares of company stock valued at $3,058,787 over the last ninety days. Insiders own 0.54% of the company’s stock.

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.