Independent Advisor Alliance Purchases New Position in CBRE Group, Inc. (NYSE:CBRE)

Independent Advisor Alliance purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,643 shares of the financial services provider’s stock, valued at approximately $205,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 79 shares during the last quarter. Stephens Inc. AR raised its stake in shares of CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 80 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in shares of CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 82 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after acquiring an additional 90 shares during the last quarter. Finally, Community Bank & Trust Waco Texas raised its stake in shares of CBRE Group by 0.6% in the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 93 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.5 %

Shares of NYSE CBRE opened at $139.99 on Friday. The stock has a market cap of $42.84 billion, a P/E ratio of 45.01 and a beta of 1.39. The firm has a 50 day moving average price of $128.80 and a 200 day moving average price of $110.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 52-week low of $78.18 and a 52-week high of $142.00.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. Analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analysts Set New Price Targets

CBRE has been the subject of a number of research analyst reports. 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 price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Citigroup boosted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Evercore ISI boosted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.