CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 234,171 shares of the financial services provider’s stock after selling 2,148 shares during the period. Raymond James & Associates’ holdings in CBRE Group were worth $29,150,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CBRE. American National Bank & Trust acquired a new stake in shares of CBRE Group during the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. increased its stake in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of CBRE Group in the 1st quarter worth about $30,000. Wolff Wiese Magana LLC lifted its stake in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction that occurred on 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 completion of the transaction, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,232 shares of company stock worth $3,058,787 in the last ninety days. 0.54% of the stock is owned by insiders.

CBRE Group Trading Up 0.3 %

Shares of CBRE opened at $123.12 on Thursday. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $126.00. The stock has a 50-day moving average price of $118.97 and a 200 day moving average price of $101.77. 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 company has a market capitalization of $37.78 billion, a P/E ratio of 38.36 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent research reports. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Morgan Stanley began coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. 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 report on Friday, October 4th. Finally, Raymond James raised their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.83.

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.