Ballentine Partners LLC Has $984,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Ballentine Partners LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 17.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,904 shares of the financial services provider’s stock after purchasing an additional 1,148 shares during the period. Ballentine Partners LLC’s holdings in CBRE Group were worth $984,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American National Bank & Trust acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. grew its holdings in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. Crewe Advisors LLC bought a new stake in CBRE Group in the first quarter valued at $30,000. Wolff Wiese Magana LLC raised its holdings in shares of CBRE Group by 2,830.0% during the third 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 during the period. Finally, Asset Dedication LLC bought a new position in shares of CBRE Group during the 3rd quarter worth about $40,000. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Raymond James boosted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Evercore ISI boosted their price objective on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. UBS Group cut their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, Morgan Stanley began coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $113.83.

CBRE Group Trading Down 0.7 %

Shares of CBRE Group stock opened at $132.54 on Friday. The company has a market capitalization of $40.67 billion, a P/E ratio of 41.29 and a beta of 1.40. The stock has a fifty day simple moving average of $119.85 and a 200 day simple moving average of $102.24. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $136.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Vikramaditya Kohli sold 1,074 shares of the 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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,232 shares of company stock valued at $2,839,047. Corporate insiders own 0.54% of the company’s stock.

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.