Great Lakes Advisors LLC purchased a new position in shares of CBRE Group Inc (NYSE:CBRE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,662 shares of the financial services provider’s stock, valued at approximately $604,000.
Several other hedge funds also recently added to or reduced their stakes in CBRE. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of CBRE Group during the 3rd quarter worth about $103,000. San Francisco Sentry Investment Group CA bought a new stake in shares of CBRE Group during the 3rd quarter worth about $123,000. Quadrant Capital Group LLC bought a new stake in shares of CBRE Group during the 3rd quarter worth about $128,000. Csenge Advisory Group bought a new stake in shares of CBRE Group during the 3rd quarter worth about $145,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of CBRE Group during the 3rd quarter worth about $155,000. Institutional investors own 94.34% of the company’s stock.
NYSE CBRE opened at $41.15 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.16. CBRE Group Inc has a 12 month low of $38.05 and a 12 month high of $50.43. The company has a market capitalization of $14.52 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78.
CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.17 billion. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts expect that CBRE Group Inc will post 3.2 EPS for the current fiscal year.
In other CBRE Group news, Director Gerardo I. Lopez bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were acquired at an average cost of $42.41 per share, for a total transaction of $212,050.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is owned by insiders.
CBRE has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of CBRE Group from $58.00 to $60.00 and gave the stock 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 dropped their price target 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 equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. CBRE Group currently has an average rating of “Buy” and a consensus price target of $52.56.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/12/08/great-lakes-advisors-llc-purchases-shares-of-12662-cbre-group-inc-cbre.html.
CBRE Group Profile
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.
Featured Article: What are the risks of holding treasury bonds?
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.