Commerzbank Aktiengesellschaft FI Buys 485 Shares of CBRE Group, Inc. (NYSE:CBRE)

Commerzbank Aktiengesellschaft FI increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,749 shares of the financial services provider’s stock after buying an additional 485 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in CBRE Group were worth $343,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CBRE. Principal Financial Group Inc. lifted its position in CBRE Group by 3.0% during the second quarter. Principal Financial Group Inc. now owns 7,146,749 shares of the financial services provider’s stock worth $636,847,000 after acquiring an additional 210,004 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of CBRE Group by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock worth $763,909,000 after purchasing an additional 49,732 shares during the period. Earnest Partners LLC lifted its holdings in CBRE Group by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock worth $324,085,000 after purchasing an additional 54,510 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in CBRE Group by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider’s stock valued at $295,640,000 after purchasing an additional 142,088 shares during the period. Finally, Vulcan Value Partners LLC grew its holdings in CBRE Group by 4.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider’s stock valued at $237,323,000 after buying an additional 123,108 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Morgan Stanley initiated coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Raymond James increased 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 investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.83.

Insider Buying and Selling

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now owns 71,969 shares of the company’s stock, valued at $7,836,704.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $116,947.86. Following the completion of the transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock worth $2,839,047 in the last ninety days. 0.54% of the stock is owned by insiders.

CBRE Group Stock Performance

NYSE CBRE opened at $133.50 on Friday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $136.06. The firm has a market capitalization of $40.96 billion, a price-to-earnings ratio of 41.59 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm’s 50 day simple moving average is $118.97 and its 200 day simple moving average is $101.77.

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