CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 19.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,431 shares of the financial services provider’s stock after buying an additional 7,394 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CBRE Group were worth $5,655,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of CBRE Group during the 1st quarter valued at approximately $336,000. O Shaughnessy Asset Management LLC lifted its position in shares of CBRE Group by 14.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,132 shares of the financial services provider’s stock worth $2,055,000 after buying an additional 2,673 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of CBRE Group by 112.9% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,181 shares of the financial services provider’s stock valued at $504,000 after buying an additional 2,747 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of CBRE Group by 0.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 336,984 shares of the financial services provider’s stock valued at $32,802,000 after buying an additional 2,133 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in CBRE Group during the first quarter worth about $2,820,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.4 %

CBRE Group stock opened at $132.17 on Wednesday. CBRE Group, Inc. has a 12-month low of $76.63 and a 12-month high of $137.93. The stock has a market capitalization of $40.45 billion, a PE ratio of 42.50 and a beta of 1.39. The firm has a 50 day simple moving average of $125.92 and a 200-day simple moving average of $107.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBRE. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Morgan Stanley began coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Evercore ISI upped their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, Raymond James lifted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

Insiders Place Their Bets

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

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.