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

Natixis Advisors LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 26.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 899,708 shares of the financial services provider’s stock after acquiring an additional 189,389 shares during the period. Natixis Advisors LLC owned approximately 0.29% of CBRE Group worth $111,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CBRE. American National Bank & Trust bought a new stake in shares of CBRE Group during the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. boosted its holdings in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of CBRE Group during the first quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of 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 buying an additional 283 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction dated 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 transaction, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

CBRE Group Trading Down 1.3 %

NYSE:CBRE opened at $130.23 on Friday. The stock has a market cap of $39.85 billion, a price-to-earnings ratio of 41.87 and a beta of 1.39. CBRE Group, Inc. has a one year low of $76.63 and a one year high of $137.93. 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 business’s 50-day simple moving average is $125.26 and its 200 day simple moving average is $106.89.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CBRE. Evercore ISI upped their target price 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 upped their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Morgan Stanley assumed coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

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.