1,975 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Heartland Bank & Trust Co

Heartland Bank & Trust Co purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to its most recent filing with the SEC. The fund purchased 1,975 shares of the financial services provider’s stock, valued at approximately $246,000.

Several other hedge funds have also bought and sold shares of CBRE. Principal Financial Group Inc. boosted its stake in 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 valued at $636,847,000 after buying an additional 210,004 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of CBRE Group by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock valued at $763,909,000 after acquiring an additional 49,732 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of CBRE Group by 1.5% in the second quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock valued at $324,085,000 after purchasing an additional 54,510 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CBRE Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider’s stock worth $295,640,000 after purchasing an additional 142,088 shares during the last quarter. Finally, Vulcan Value Partners LLC raised its stake in CBRE Group by 4.8% during 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. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 8.4 %

CBRE stock opened at $133.50 on Friday. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $136.06. The firm’s 50-day moving average is $118.97 and its 200 day moving average is $101.77. The company has a market capitalization of $40.96 billion, a PE ratio of 41.59 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on CBRE shares. UBS Group dropped their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods lifted their price target on 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 initiated coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $113.83.

Insiders Place Their Bets

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction 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 sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction that occurred 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 owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on 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 sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,232 shares of company stock worth $2,839,047 in the last ninety days. 0.54% of the stock is owned by company insiders.

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.