CBRE Group, Inc. $CBRE Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 121.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,617 shares of the financial services provider's stock after buying an additional 7,470 shares during the quarter. Chicago Partners Investment Group LLC's holdings in CBRE Group were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CBRE. Ascentis Independent Advisors bought a new position in shares of CBRE Group in the first quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC bought a new position in shares of CBRE Group during the first quarter valued at $33,000. Brown Lisle Cummings Inc. lifted its holdings 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 valued at $33,000 after purchasing an additional 215 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of CBRE Group during the second quarter valued at $39,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of CBRE Group during the third quarter valued at $41,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

NYSE CBRE opened at $135.38 on Monday. The company has a market capitalization of $39.02 billion, a PE ratio of 28.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17. The business's fifty day moving average is $135.04 and its 200 day moving average is $141.18. CBRE Group, Inc. has a fifty-two week low of $121.44 and a fifty-two week high of $174.27.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share 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 business had revenue of $11.52 billion during the quarter, compared to analysts' expectations of $11.81 billion. During the same quarter last year, the business posted $1.61 EPS. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts predict that CBRE Group, Inc. will post 7.76 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group 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 transaction, the chief financial officer directly owned 108,479 shares of the company's stock, valued at $16,086,350.91. This trade represents a 2.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of CBRE Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the transaction, the insider directly owned 41,778 shares of the company's stock, valued at $6,195,259.62. The trade was a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on CBRE. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Jefferies Financial Group lowered their target price on shares of CBRE Group from $180.00 to $164.00 in a research note on Monday, October 12th. Keefe, Bruyette & Woods lowered their target price on shares of CBRE Group from $174.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, October 9th. Barclays raised their price target on shares of CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of CBRE Group in a research note on Friday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.78.

About CBRE Group

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.

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.