CBRE Group, Inc. $CBRE Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. raised its position in CBRE Group, Inc. (NYSE:CBRE) by 66.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 38,276 shares of the financial services provider’s stock after acquiring an additional 15,248 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in CBRE Group were worth $4,917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBRE. Ascentis Independent Advisors acquired a new stake in shares of CBRE Group in the first quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of CBRE Group during the first quarter worth approximately $33,000. Brown Lisle Cummings Inc. increased its position in shares of CBRE Group by 511.9% during the third quarter. Brown Lisle Cummings Inc. now owns 257 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares in the last quarter. Trust Co. of Vermont acquired a new position in CBRE Group in the 2nd quarter valued at $39,000. Finally, Reyes Financial Architecture Inc. acquired a new position in CBRE Group in the 3rd quarter valued at $41,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Down 0.1%

Shares of CBRE Group stock opened at $135.38 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $135.04 and its 200-day simple moving average is $141.18. The stock has a market cap of $39.02 billion, a P/E ratio of 28.99 and a beta of 1.24. CBRE Group, Inc. has a 1-year low of $121.44 and a 1-year high of $174.27.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The firm had revenue of $11.52 billion during the quarter, compared to analysts’ expectations of $11.81 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts predict that CBRE Group, Inc. will post 7.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, insider Chad Doellinger sold 228 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider directly owned 41,778 shares in the company, valued at $6,195,259.62. This represents a 0.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the sale, the chief financial officer owned 108,479 shares of the company’s stock, valued at approximately $16,086,350.91. The trade was a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CBRE. UBS Group raised their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Evercore dropped their target price on shares of CBRE Group from $175.00 to $166.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. The Goldman Sachs Group increased their target price on shares of CBRE Group from $188.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CBRE Group from $190.00 to $186.00 in a research note on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $182.78.

CBRE Group Company Profile

CBRE Group, Inc is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing.

The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.

CBRE traces its roots to a real estate business established in San Francisco in 1906.