Fisher Asset Management LLC Purchases 705 Shares of CBRE Group, Inc. (NYSE:CBRE)

Fisher Asset Management LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,753 shares of the financial services provider’s stock after acquiring an additional 705 shares during the period. Fisher Asset Management LLC’s holdings in CBRE Group were worth $5,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in CBRE Group by 13.1% during the third quarter. Daiwa Securities Group Inc. now owns 74,924 shares of the financial services provider’s stock valued at $9,327,000 after acquiring an additional 8,662 shares during the period. Algert Global LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $1,829,000. Cerity Partners LLC grew its stake in shares of CBRE Group by 32.9% in the 3rd quarter. Cerity Partners LLC now owns 59,819 shares of the financial services provider’s stock valued at $7,446,000 after purchasing an additional 14,808 shares during the period. Great Valley Advisor Group Inc. bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $217,000. Finally, Meridian Wealth Management LLC grew its stake in shares of CBRE Group by 2.1% in the 3rd quarter. Meridian Wealth Management LLC now owns 5,121 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 106 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Up 0.2 %

Shares of CBRE opened at $140.71 on Friday. The company has a market capitalization of $43.06 billion, a P/E ratio of 45.24 and a beta of 1.39. 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, Inc. has a one year low of $78.18 and a one year high of $142.00. The business’s 50 day simple moving average is $128.43 and its 200-day simple moving average is $109.95.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) 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 firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective 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. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday. Finally, Evercore ISI boosted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Insiders Place Their Bets

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