Creative Planning Has $4.71 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Creative Planning increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.9% during the third quarter, Holdings Channel reports. The fund owned 37,804 shares of the financial services provider’s stock after acquiring an additional 2,092 shares during the quarter. Creative Planning’s holdings in CBRE Group were worth $4,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in shares of CBRE Group during the 1st quarter valued at $162,576,000. Eminence Capital LP grew its stake in CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after purchasing an additional 453,406 shares during the period. Maverick Capital Ltd. bought a new position in CBRE Group in the second quarter worth approximately $36,820,000. Delta Global Management LP increased its holdings in shares of CBRE Group by 266.2% during the first quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock valued at $52,877,000 after acquiring an additional 395,297 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings 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 acquiring an additional 372,870 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, CFO Emma E. Giamartino sold 3,311 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the transaction, the chief financial officer now directly owns 71,969 shares in the company, valued at $7,836,704.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Emma E. Giamartino sold 3,311 shares of CBRE Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the transaction, the chief financial officer now directly owns 71,969 shares in the company, valued at approximately $7,836,704.41. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction on Monday, August 12th. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,232 shares of company stock worth $2,839,047. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 8.4 %

Shares of NYSE:CBRE opened at $133.50 on Friday. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $136.06. 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 firm has a market capitalization of $40.96 billion, a P/E ratio of 41.59 and a beta of 1.40. The stock has a 50 day moving average price of $118.97 and a 200-day moving average price of $101.77.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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 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 analyst estimates of $8.31 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CBRE shares. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Morgan Stanley initiated coverage on CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. UBS Group cut their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods increased their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $113.83.

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.