Natixis Advisors LLC Acquires 189,389 Shares of CBRE Group, Inc. (NYSE:CBRE)

Natixis Advisors LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 899,708 shares of the financial services provider’s stock after purchasing an additional 189,389 shares during the quarter. Natixis Advisors LLC’s holdings in CBRE Group were worth $111,996,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust bought a new position in CBRE Group in the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group in the third quarter valued at $32,000. Wolff Wiese Magana LLC raised its stake in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the period. Crewe Advisors LLC acquired a new position in CBRE Group in the 1st quarter valued at $30,000. Finally, Asset Dedication LLC acquired a new position in CBRE Group in the 3rd quarter valued at $40,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. This represents a 17.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CBRE Group Stock Down 1.3 %

CBRE Group stock opened at $130.23 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $39.85 billion, a PE ratio of 41.87 and a beta of 1.39. The stock has a fifty day moving average of $125.26 and a 200 day moving average of $106.89. CBRE Group, Inc. has a one year low of $76.63 and a one year high of $137.93.

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

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.