Telos Capital Management Inc. Raises Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Telos Capital Management Inc. lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,435 shares of the financial services provider’s stock after purchasing an additional 111 shares during the period. Telos Capital Management Inc.’s holdings in CBRE Group were worth $6,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank & Trust bought a new stake in shares of CBRE Group in the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. raised its stake 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 buying an additional 215 shares in the last quarter. Crewe Advisors LLC purchased a new stake in CBRE Group during the first quarter worth $30,000. Wolff Wiese Magana LLC boosted its position in CBRE Group by 2,830.0% during 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 in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of CBRE Group in the 3rd quarter valued at $40,000. Institutional investors own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the sale, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Lindsey S. Caplan sold 2,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at $1,824,501.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,232 shares of company stock worth $3,058,787 over the last three months. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent research reports. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Evercore ISI raised their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. UBS Group decreased their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective for the company. Five 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.83.

CBRE Group Trading Down 1.7 %

Shares of CBRE Group stock opened at $123.52 on Tuesday. The firm’s 50 day simple moving average is $118.47 and its two-hundred day simple moving average is $101.44. The firm has a market capitalization of $37.90 billion, a price-to-earnings ratio of 38.48 and a beta of 1.40. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $126.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. Analysts predict that CBRE Group, Inc. will post 4.81 EPS for the current year.

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.