Trillium Asset Management LLC Has $369,000 Stake in CBRE Group Inc (NYSE:CBRE)

Trillium Asset Management LLC increased its position in CBRE Group Inc (NYSE:CBRE) by 23.8% in the third quarter, HoldingsChannel reports. The firm owned 6,961 shares of the financial services provider’s stock after acquiring an additional 1,336 shares during the period. Trillium Asset Management LLC’s holdings in CBRE Group were worth $369,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in CBRE Group by 2.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,997 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 198 shares during the last quarter. Creative Planning lifted its stake in shares of CBRE Group by 1.6% during the 3rd quarter. Creative Planning now owns 12,845 shares of the financial services provider’s stock worth $681,000 after buying an additional 199 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of CBRE Group by 0.7% during the 2nd quarter. CIBC Asset Management Inc now owns 28,854 shares of the financial services provider’s stock worth $1,480,000 after buying an additional 206 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of CBRE Group by 3.3% during the 3rd quarter. Park Avenue Securities LLC now owns 6,847 shares of the financial services provider’s stock worth $363,000 after buying an additional 216 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in shares of CBRE Group by 1.9% during the 3rd quarter. Wetherby Asset Management Inc. now owns 12,590 shares of the financial services provider’s stock worth $667,000 after buying an additional 231 shares during the last quarter. 94.09% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on CBRE shares. Raymond James raised their price target on shares of CBRE Group from $65.00 to $67.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. ValuEngine lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. started coverage on shares of CBRE Group in a research report on Tuesday, October 29th. They set an “overweight” rating on the stock. Finally, UBS Group raised their price target on shares of CBRE Group from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $57.40.

In related news, Director Brandon B. Boze sold 3,000,000 shares of CBRE Group stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $53.86, for a total transaction of $161,580,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James R. Groch sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $54.10, for a total transaction of $4,057,500.00. Following the completion of the transaction, the insider now owns 318,000 shares in the company, valued at approximately $17,203,800. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

NYSE:CBRE traded up $0.70 during mid-day trading on Friday, reaching $56.27. 944,566 shares of the company’s stock were exchanged, compared to its average volume of 1,345,128. CBRE Group Inc has a one year low of $37.45 and a one year high of $56.60. The firm has a market capitalization of $18.43 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. The business’s fifty day simple moving average is $52.74 and its two-hundred day simple moving average is $51.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.17.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. CBRE Group had a net margin of 4.50% and a return on equity of 23.24%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that CBRE Group Inc will post 3.74 EPS for the current year.

About CBRE Group

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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