World Investment Advisors LLC Acquires Shares of 2,286 CBRE Group, Inc. (NYSE:CBRE)

World Investment Advisors LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,286 shares of the financial services provider’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Horizon Advisors Inc. increased its holdings in shares of CBRE Group by 18.1% in the second quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 144 shares in the last quarter. Summit Global Investments raised its position in shares of CBRE Group by 46.2% during the 2nd quarter. Summit Global Investments now owns 5,347 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 1,689 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of CBRE Group in the 2nd quarter valued at $258,000. Premier Path Wealth Partners LLC bought a new position in shares of CBRE Group in the 2nd quarter worth $201,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of CBRE Group by 70.1% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 259,870 shares of the financial services provider’s stock worth $23,157,000 after purchasing an additional 107,072 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 5.1 %

CBRE Group stock opened at $128.92 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The company has a fifty day simple moving average of $132.52 and a 200 day simple moving average of $114.81. The company has a market cap of $39.45 billion, a P/E ratio of 41.45 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company earned $0.72 EPS. CBRE Group’s revenue for the quarter was up 14.8% compared to the same quarter last year. Research analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Evercore ISI raised their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a research report on Monday. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.33.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

About CBRE Group

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.