Coronation Fund Managers Ltd. Has $7.11 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Coronation Fund Managers Ltd. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 13.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,834 shares of the financial services provider’s stock after purchasing an additional 9,303 shares during the period. Coronation Fund Managers Ltd.’s holdings in CBRE Group were worth $7,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC lifted its holdings in shares of CBRE Group by 2.5% in the second quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 96 shares in the last quarter. Studio Investment Management LLC boosted its position in CBRE Group by 2.5% during the 2nd quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 135 shares during the last quarter. Mather Group LLC. grew its stake in shares of 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 acquiring an additional 138 shares in the last quarter. Rathbones Group PLC raised its holdings in shares of CBRE Group by 3.0% in the second quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 140 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of CBRE Group by 18.1% in the second quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 144 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’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 in the company, valued at approximately $5,739,328. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on 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 in the company, valued at $5,739,328. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group 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 sale, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The disclosure for this sale can be found here. Insiders have sold a total of 27,232 shares of company stock worth $3,058,787 over the last ninety days. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CBRE shares. 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 report on Wednesday, July 3rd. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $100.00 to $123.00 in a report on Friday, July 26th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Raymond James boosted their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.33.

CBRE Group Trading Down 0.6 %

CBRE Group stock opened at $123.71 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50-day simple moving average of $114.60 and a 200 day simple moving average of $98.80. The stock has a market capitalization of $37.96 billion, a P/E ratio of 38.54 and a beta of 1.40. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $124.97.

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

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.