CBRE Group, Inc. (NYSE:CBRE) Stake Increased by Entropy Technologies LP

Entropy Technologies LP raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 143.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,651 shares of the financial services provider’s stock after acquiring an additional 5,097 shares during the quarter. Entropy Technologies LP’s holdings in CBRE Group were worth $1,077,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CBRE. Apollon Wealth Management LLC raised its stake in shares of CBRE Group by 56.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,116 shares of the financial services provider’s stock valued at $761,000 after purchasing an additional 2,219 shares in the last quarter. WCM Investment Management LLC bought a new position in CBRE Group during the 3rd quarter worth approximately $220,000. Versor Investments LP grew its position in shares of CBRE Group by 50.0% in the 3rd quarter. Versor Investments LP now owns 4,200 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 1,400 shares in the last quarter. Core Wealth Partners LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $212,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter valued at approximately $32,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James boosted 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. Evercore ISI increased their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Morgan Stanley started coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

CBRE Group Stock Performance

Shares of CBRE stock opened at $135.57 on Thursday. CBRE Group, Inc. has a 12-month low of $75.10 and a 12-month high of $137.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 43.59 and a beta of 1.39. The business has a 50 day simple moving average of $124.16 and a 200 day simple moving average of $106.22.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results 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 company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that CBRE Group, Inc. will post 4.96 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group 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 transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.