Great Lakes Advisors LLC Takes Position in CBRE Group Inc (CBRE)

Great Lakes Advisors LLC bought a new position in CBRE Group Inc (NYSE:CBRE) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 12,662 shares of the financial services provider’s stock, valued at approximately $604,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in CBRE Group during the third quarter valued at approximately $103,000. San Francisco Sentry Investment Group CA purchased a new position in CBRE Group during the third quarter valued at approximately $123,000. Quadrant Capital Group LLC purchased a new position in CBRE Group during the third quarter valued at approximately $128,000. Csenge Advisory Group purchased a new position in CBRE Group during the third quarter valued at approximately $145,000. Finally, Hanson & Doremus Investment Management purchased a new position in CBRE Group during the third quarter valued at approximately $155,000. 94.34% of the stock is currently owned by institutional investors and hedge funds.

NYSE CBRE opened at $41.15 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78. CBRE Group Inc has a 12-month low of $38.05 and a 12-month high of $50.43.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.17 billion. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that CBRE Group Inc will post 3.2 EPS for the current fiscal year.

A number of research analysts recently commented on CBRE shares. Barclays boosted their price objective on shares of CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, August 30th. ValuEngine downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Bank of America lowered their price objective on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $52.56.

In other CBRE Group news, Director Gerardo I. Lopez bought 5,000 shares of CBRE Group stock in a transaction on Tuesday, December 4th. The stock was purchased at an average cost of $42.41 per share, for a total transaction of $212,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is owned by insiders.

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About CBRE Group

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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