CBRE Group Inc (NYSE:CBRE) Shares Bought by Steward Partners Investment Advisory LLC

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Steward Partners Investment Advisory LLC grew its stake in shares of CBRE Group Inc (NYSE:CBRE) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,554 shares of the financial services provider’s stock after acquiring an additional 740 shares during the period. Steward Partners Investment Advisory LLC’s holdings in CBRE Group were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position 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 valued at $1,480,000 after acquiring an additional 206 shares during the period. Park Avenue Securities LLC raised its position 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 purchasing an additional 216 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in shares of CBRE Group by 0.5% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 49,775 shares of the financial services provider’s stock worth $2,553,000 after purchasing an additional 245 shares during the last quarter. Securian Asset Management Inc raised its position in shares of CBRE Group by 0.8% during the 2nd quarter. Securian Asset Management Inc now owns 32,117 shares of the financial services provider’s stock worth $1,648,000 after purchasing an additional 253 shares during the last quarter. Finally, Keybank National Association OH raised its position in shares of CBRE Group by 2.3% during the 2nd quarter. Keybank National Association OH now owns 11,544 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.

Several research analysts recently issued reports on CBRE shares. Compass Point started coverage on CBRE Group in a research report on Wednesday, July 10th. They set a “neutral” rating and a $54.00 price objective for the company. Raymond James lifted their price objective on CBRE Group from $65.00 to $67.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. UBS Group lifted their price objective on CBRE Group from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. ValuEngine downgraded CBRE Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. started coverage on CBRE Group in a research report on Tuesday, October 29th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. CBRE Group presently has a consensus rating of “Hold” and an average price target of $57.40.

CBRE stock traded down $2.43 during midday trading on Wednesday, hitting $53.11. The stock had a trading volume of 104,663 shares, compared to its average volume of 1,350,670. The firm has a market cap of $18.43 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17. CBRE Group Inc has a 12-month low of $37.45 and a 12-month high of $56.60. The company’s 50-day moving average price is $52.54 and its 200 day moving average price is $51.38.

In other CBRE Group news, insider Robert E. Sulentic sold 40,000 shares of CBRE Group stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, the insider now directly owns 829,011 shares of the company’s stock, valued at approximately $41,450,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James R. Groch sold 75,000 shares of CBRE Group 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 sale, the insider now directly owns 318,000 shares of the company’s stock, valued at $17,203,800. The disclosure for this sale can be found here. Insiders sold a total of 3,115,000 shares of company stock valued at $167,637,500 over the last ninety days. 0.74% of the stock is owned by corporate insiders.

CBRE Group Company 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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