CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in CBRE Group by 6.6%, acquiring an additional 397,818 shares during the 1st quarter, bringing its total ownership to approximately $837.9 million.
• CBRE Group reported $1.19 EPS for the most recent quarter, surpassing analyst estimates of $1.05, with revenue also exceeding expectations at $9.75 billion.
• Recent price targets for CBRE Group from analysts ranged from $147.00 to $170.00, with a consensus target price of $158.00 and a rating of "Moderate Buy."

Invesco Ltd. increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,407,231 shares of the financial services provider's stock after acquiring an additional 397,818 shares during the period. Invesco Ltd. owned approximately 2.15% of CBRE Group worth $837,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBRE. Principal Financial Group Inc. raised its position in shares of CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after purchasing an additional 2,680,337 shares in the last quarter. Northern Trust Corp raised its position in shares of CBRE Group by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock valued at $497,525,000 after purchasing an additional 424,663 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after purchasing an additional 738,704 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of CBRE Group by 1.4% in the 4th quarter. Earnest Partners LLC now owns 3,696,955 shares of the financial services provider's stock valued at $485,373,000 after purchasing an additional 49,862 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the transaction, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,898 shares of company stock valued at $1,122,558. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $155.50 on Friday. CBRE Group, Inc. has a 1-year low of $107.54 and a 1-year high of $161.03. The firm has a market capitalization of $46.27 billion, a PE ratio of 43.56 and a beta of 1.34. The business's 50 day moving average is $140.69 and its 200-day moving average is $133.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent research reports. Raymond James Financial upped their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group upped their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $158.00.

CBRE Group 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.

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