Intech Investment Management LLC Purchases 69,303 Shares of CBRE Group, Inc. (NYSE:CBRE)

Intech Investment Management LLC lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 496.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,264 shares of the financial services provider’s stock after purchasing an additional 69,303 shares during the period. Intech Investment Management LLC’s holdings in CBRE Group were worth $7,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MQS Management LLC raised its holdings in CBRE Group by 71.2% in the 2nd quarter. MQS Management LLC now owns 4,291 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 1,785 shares during the period. Kentucky Retirement Systems increased its position in CBRE Group by 0.6% in the second quarter. Kentucky Retirement Systems now owns 22,728 shares of the financial services provider’s stock worth $2,025,000 after buying an additional 144 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of CBRE Group in the second quarter worth about $380,000. Hsbc Holdings PLC lifted its position in shares of CBRE Group by 1.4% during the 2nd quarter. Hsbc Holdings PLC now owns 692,726 shares of the financial services provider’s stock valued at $61,597,000 after buying an additional 9,338 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its stake in shares of CBRE Group by 7.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 29,938 shares of the financial services provider’s stock valued at $2,668,000 after acquiring an additional 2,089 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CBRE shares. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $100.00 to $123.00 in a research report on Friday, July 26th. UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley started coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Five equities research 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, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $112.33.

CBRE Group Trading Down 0.7 %

Shares of CBRE Group stock opened at $121.60 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a market cap of $37.31 billion, a price-to-earnings ratio of 37.88 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $122.59. The business has a 50-day moving average price of $111.03 and a 200-day moving average price of $97.27.

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

Insider Activity at CBRE Group

In other CBRE Group news, 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 completion of the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction that occurred 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The disclosure for this sale can be found here. Insiders have sold a total of 27,232 shares of company stock valued at $3,058,787 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

About CBRE Group

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.