Brown Brothers Harriman & Co. Has $54.17 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Brown Brothers Harriman & Co. raised its position in CBRE Group, Inc. (NYSE:CBRE) by 93.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 435,169 shares of the financial services provider’s stock after purchasing an additional 209,667 shares during the quarter. Brown Brothers Harriman & Co. owned 0.14% of CBRE Group worth $54,170,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance bought a new stake in shares of CBRE Group in the third quarter worth $205,000. Harvest Fund Management Co. Ltd bought a new stake in CBRE Group during the 3rd quarter worth about $362,000. Fisher Asset Management LLC boosted its stake in shares of CBRE Group by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 44,753 shares of the financial services provider’s stock worth $5,571,000 after buying an additional 705 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CBRE Group by 13.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 74,924 shares of the financial services provider’s stock valued at $9,327,000 after acquiring an additional 8,662 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of CBRE Group in the third quarter valued at about $1,829,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Evercore ISI upped their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

CBRE Group Stock Up 2.9 %

CBRE opened at $135.43 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $126.83 and its 200 day simple moving average is $108.80. CBRE Group, Inc. has a 1-year low of $77.97 and a 1-year high of $137.93. The stock has a market cap of $41.44 billion, a PE ratio of 43.55 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company posted $0.72 EPS. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated 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 sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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.