Sheaff Brock Investment Advisors LLC Buys Shares of 3,200 CBRE Group, Inc. (NYSE:CBRE)

Sheaff Brock Investment Advisors LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,200 shares of the financial services provider’s stock, valued at approximately $398,000.

Several other large investors have also recently bought and sold shares of CBRE. CIBC Asset Management Inc increased its stake in shares of CBRE Group by 22.2% in the third quarter. CIBC Asset Management Inc now owns 49,810 shares of the financial services provider’s stock valued at $6,200,000 after buying an additional 9,051 shares during the period. OneDigital Investment Advisors LLC grew its stake in CBRE Group by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,521 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 181 shares during the period. ING Groep NV grew its stake in CBRE Group by 132.3% during the third quarter. ING Groep NV now owns 61,284 shares of the financial services provider’s stock worth $7,629,000 after purchasing an additional 34,899 shares during the period. Nicola Wealth Management LTD. grew its stake in CBRE Group by 16.2% during the third quarter. Nicola Wealth Management LTD. now owns 10,024 shares of the financial services provider’s stock worth $1,248,000 after purchasing an additional 1,400 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in CBRE Group by 12.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,039 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 1,002 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James increased their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Finally, Evercore ISI raised their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Five investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insiders Place Their Bets

In other news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $130.23 on Friday. The business’s fifty day simple moving average is $125.26 and its 200 day simple moving average is $106.89. The firm has a market capitalization of $39.85 billion, a P/E ratio of 41.87 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $76.63 and a 12 month high of $137.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the company posted $0.72 earnings per share. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts anticipate that CBRE Group, Inc. will post 4.96 EPS for the current year.

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.