Brooklyn Investment Group Invests $177,000 in CBRE Group, Inc. (NYSE:CBRE)

Brooklyn Investment Group bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,419 shares of the financial services provider’s stock, valued at approximately $177,000.

A number of other institutional investors also recently modified their holdings of CBRE. Canton Hathaway LLC bought a new position in CBRE Group in the third quarter worth approximately $27,000. American National Bank & Trust bought a new position in shares of CBRE Group in the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC increased its stake in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated 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 represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $140.76 on Thursday. The company has a market capitalization of $43.07 billion, a PE ratio of 45.26 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $128.07 and its 200-day moving average price is $109.74. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping 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 business had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

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.