Valeo Financial Advisors LLC Invests $244,000 in CBRE Group, Inc. (NYSE:CBRE)

Valeo Financial Advisors LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,964 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in CBRE Group by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 7,146,749 shares of the financial services provider’s stock valued at $636,847,000 after purchasing an additional 210,004 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in CBRE Group by 0.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,087,070 shares of the financial services provider’s stock worth $542,419,000 after acquiring an additional 53,142 shares in the last quarter. Earnest Partners LLC grew its stake in CBRE Group by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock worth $324,085,000 after acquiring an additional 54,510 shares in the last quarter. Dimensional Fund Advisors LP grew 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 worth $295,640,000 after acquiring an additional 142,088 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its stake 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 worth $237,323,000 after acquiring an additional 123,108 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

Shares of CBRE opened at $122.77 on Wednesday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $125.43. The company has a 50 day moving average price of $117.14 and a 200-day moving average price of $100.60. 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 stock has a market capitalization of $37.67 billion, a PE ratio of 38.25 and a beta of 1.40.

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

Insider Activity at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This represents 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, CEO Daniel G. Queenan sold 10,000 shares of the company’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 transaction of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred 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 owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 over the last 90 days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research analyst reports. Evercore ISI upped their target price 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 note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods upped 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. Finally, Raymond James upped their price target on shares of 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 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.83.

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.