CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,442 shares of the financial services provider’s stock after buying an additional 5,657 shares during the quarter. Glenmede Trust Co. NA’s holdings in CBRE Group were worth $16,735,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in shares of CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR grew its position in CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after buying an additional 82 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas boosted its stake in shares of CBRE Group by 0.6% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 93 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

CBRE stock opened at $140.71 on Friday. CBRE Group, Inc. has a fifty-two week low of $78.18 and a fifty-two week high of $142.00. The company has a market capitalization of $43.06 billion, a P/E ratio of 45.24 and a beta of 1.39. The company has a 50-day simple moving average of $128.43 and a 200 day simple moving average of $109.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Sell-side analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBRE. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI increased their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

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.