Royal London Asset Management Ltd. Takes Position in CBRE Group Inc (CBRE)

Royal London Asset Management Ltd. purchased a new position in shares of CBRE Group Inc (NYSE:CBRE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 125,042 shares of the financial services provider’s stock, valued at approximately $5,515,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of CBRE Group during the third quarter worth about $103,000. Quadrant Capital Group LLC bought a new position in shares of CBRE Group during the third quarter worth about $128,000. Hanson & Doremus Investment Management bought a new position in shares of CBRE Group during the third quarter worth about $155,000. SRS Capital Advisors Inc. bought a new position in shares of CBRE Group during the third quarter worth about $156,000. Finally, Advisory Services Network LLC bought a new position in shares of CBRE Group during the third quarter worth about $162,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Several research firms have recently commented on CBRE. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Monday, August 6th. Barclays upped 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 lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Bank of America decreased their target price on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $52.56.

Shares of CBRE opened at $42.25 on Friday. The stock has a market capitalization of $14.40 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group Inc has a 52-week low of $38.05 and a 52-week high of $50.43.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, November 1st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.17 billion. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that CBRE Group Inc will post 3.2 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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