Tiverton Asset Management LLC Buys Shares of 171,835 CBRE Group Inc (CBRE)

Tiverton Asset Management LLC bought a new position in CBRE Group Inc (NYSE:CBRE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 171,835 shares of the financial services provider’s stock, valued at approximately $7,578,000. Tiverton Asset Management LLC owned approximately 0.05% of CBRE Group at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CBRE. Optimum Investment Advisors lifted its holdings in CBRE Group by 6.8% during the 3rd quarter. Optimum Investment Advisors now owns 21,263 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 1,350 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in CBRE Group during the 3rd quarter worth approximately $420,000. Jaffetilchin Investment Partners LLC acquired a new stake in CBRE Group during the 3rd quarter worth approximately $493,000. Atria Investments LLC lifted its holdings in CBRE Group by 27.3% during the 3rd quarter. Atria Investments LLC now owns 10,373 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 2,222 shares during the last quarter. Finally, Aurora Investment Counsel acquired a new stake in CBRE Group during the 3rd quarter worth approximately $1,716,000. Institutional investors and hedge funds own 94.34% of the company’s stock.

CBRE Group stock traded down $0.69 during mid-day trading on Tuesday, reaching $43.57. 7,356 shares of the company were exchanged, compared to its average volume of 1,604,107. CBRE Group Inc has a 12 month low of $38.05 and a 12 month high of $50.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $14.89 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.05 and a beta of 1.78.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. CBRE Group had a return on equity of 23.45% and a net margin of 4.32%. The firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.17 billion. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts expect that CBRE Group Inc will post 3.2 earnings per share for the current fiscal year.

Several research firms recently weighed in on CBRE. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Monday, August 6th. Bank of America dropped their price target on CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Barclays lifted their price target on CBRE Group from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, August 30th. Finally, ValuEngine cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.56.

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CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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