Stephens Inc. AR Has $329,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Stephens Inc. AR boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,640 shares of the financial services provider’s stock after acquiring an additional 80 shares during the period. Stephens Inc. AR’s holdings in CBRE Group were worth $329,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CBRE. Swedbank AB bought a new stake in CBRE Group in the first quarter valued at approximately $162,576,000. Eminence Capital LP boosted its holdings in CBRE Group by 42.6% in the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock valued at $135,287,000 after acquiring an additional 453,406 shares during the last quarter. Maverick Capital Ltd. bought a new stake in CBRE Group in the second quarter valued at approximately $36,820,000. Delta Global Management LP boosted its holdings in CBRE Group by 266.2% in 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 during the last quarter. Finally, Long Pond Capital LP bought a new stake in CBRE Group in the second quarter valued at approximately $29,941,000. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In related news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value 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 approximately $24,894,168.98. This 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 sold 25,232 shares of company stock valued at $2,839,047. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CBRE shares. Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. 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 report on Thursday, July 25th. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

CBRE Group Price Performance

Shares of CBRE opened at $132.05 on Friday. CBRE Group, Inc. has a 12-month low of $71.96 and a 12-month high of $136.92. The business’s fifty day moving average is $122.61 and its 200 day moving average is $104.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $40.41 billion, a P/E ratio of 42.46 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period last year, the business earned $0.72 EPS. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.02 earnings per share for the current fiscal year.

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.