Sheaff Brock Investment Advisors LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Sheaff Brock Investment Advisors LLC acquired a new position in CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,200 shares of the financial services provider’s stock, valued at approximately $398,000.

Several other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 23,290 shares during the last quarter. Natixis boosted its stake in CBRE Group by 69.0% during the 1st quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 22,464 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of CBRE Group by 232.4% in the 1st quarter. Intech Investment Management LLC now owns 13,961 shares of the financial services provider’s stock worth $1,358,000 after buying an additional 9,761 shares during the last quarter. Bayesian Capital Management LP boosted its stake in shares of CBRE Group by 138.8% in the 1st quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider’s stock worth $963,000 after buying an additional 5,754 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of CBRE Group by 9.8% in the 2nd quarter. Czech National Bank now owns 57,473 shares of the financial services provider’s stock worth $5,121,000 after buying an additional 5,125 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Raymond James raised their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Morgan Stanley assumed coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

Insider Buying and Selling at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 217,094 shares of the company’s stock, valued at $24,894,168.98. The trade was a 4.40 % 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 business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 directly owns 51,244 shares of the company’s stock, valued at $5,739,328. This trade represents a 17.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 1.3 %

Shares of NYSE CBRE opened at $130.23 on Friday. The business’s 50 day moving average is $125.26 and its two-hundred day moving average is $106.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. The stock has a market capitalization of $39.85 billion, a P/E ratio of 41.87 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 4.96 EPS for the current year.

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.