Livforsakringsbolaget Skandia Omsesidigt Has $348,000 Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 462.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,797 shares of the financial services provider’s stock after purchasing an additional 2,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in CBRE Group were worth $348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Boston Common Asset Management LLC lifted its stake in CBRE Group by 47.7% during the third quarter. Boston Common Asset Management LLC now owns 92,393 shares of the financial services provider’s stock worth $11,501,000 after purchasing an additional 29,848 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of CBRE Group by 6.8% during the 3rd quarter. UMB Bank n.a. now owns 3,333 shares of the financial services provider’s stock worth $415,000 after buying an additional 212 shares in the last quarter. Wedmont Private Capital lifted its position in shares of CBRE Group by 12.3% during the 3rd quarter. Wedmont Private Capital now owns 3,541 shares of the financial services provider’s stock worth $422,000 after buying an additional 389 shares during the last quarter. Marcum Wealth LLC acquired a new stake in CBRE Group in the third quarter valued at about $257,000. Finally, Atomi Financial Group Inc. grew its position in CBRE Group by 34.0% in the third quarter. Atomi Financial Group Inc. now owns 3,230 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 819 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price for the company. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods boosted 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 upped their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Raymond James raised their price objective 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 analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $113.83.

CBRE Group Trading Up 2.0 %

Shares of NYSE CBRE opened at $121.93 on Monday. The stock has a market cap of $37.41 billion, a P/E ratio of 37.98 and a beta of 1.40. The firm has a 50 day moving average price of $116.54 and a two-hundred day moving average price of $100.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $125.43.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $8.39 billion during 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%. CBRE Group’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Activity

In related 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 transaction, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction 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 completion of the transaction, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,232 shares of company stock valued at $3,058,787. Company insiders own 0.54% of the company’s stock.

CBRE Group Company 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.