Farther Finance Advisors LLC Has $220,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Farther Finance Advisors LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 18.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,771 shares of the financial services provider’s stock after buying an additional 271 shares during the period. Farther Finance Advisors LLC’s holdings in CBRE Group were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of 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 purchasing an additional 210,004 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in CBRE Group by 0.8% in the 3rd 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 increased 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 lifted its holdings in shares of CBRE Group by 4.8% in the second quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider’s stock valued at $237,323,000 after purchasing an additional 123,108 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on CBRE shares. 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. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Evercore ISI lifted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. 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 company. Based on data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $116.83.

CBRE Group Trading Up 3.1 %

Shares of CBRE opened at $136.08 on Friday. The firm has a fifty day simple moving average of $123.38 and a two-hundred day simple moving average of $105.29. The stock has a market capitalization of $41.64 billion, a P/E ratio of 43.76 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a twelve month low of $71.96 and a twelve month high of $137.09.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts anticipate that CBRE Group, Inc. will post 4.96 EPS 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.