CBRE Group Inc (CBRE) Holdings Raised by Kendall Capital Management

Kendall Capital Management boosted its position in CBRE Group Inc (NYSE:CBRE) by 7.0% during the first quarter, Holdings Channel reports. The fund owned 19,610 shares of the financial services provider’s stock after acquiring an additional 1,290 shares during the period. Kendall Capital Management’s holdings in CBRE Group were worth $970,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CBRE. Vanguard Group Inc purchased a new stake in shares of CBRE Group in the 3rd quarter worth about $2,289,833,000. Harris Associates L P lifted its position in shares of CBRE Group by 7.5% in the 4th quarter. Harris Associates L P now owns 14,433,299 shares of the financial services provider’s stock worth $577,909,000 after purchasing an additional 1,005,359 shares during the period. FMR LLC lifted its position in shares of CBRE Group by 3.5% in the 4th quarter. FMR LLC now owns 7,699,677 shares of the financial services provider’s stock worth $308,296,000 after purchasing an additional 263,050 shares during the period. Cantillon Capital Management LLC lifted its position in shares of CBRE Group by 0.7% in the 4th quarter. Cantillon Capital Management LLC now owns 7,114,471 shares of the financial services provider’s stock worth $284,863,000 after purchasing an additional 49,432 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of CBRE Group by 22.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,472,640 shares of the financial services provider’s stock worth $179,085,000 after purchasing an additional 817,343 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Dara Bazzano sold 1,252 shares of CBRE Group stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $47.51, for a total transaction of $59,482.52. Following the completion of the transaction, the insider now directly owns 21,246 shares of the company’s stock, valued at approximately $1,009,397.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Laurence H. Midler sold 13,848 shares of CBRE Group stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.43, for a total transaction of $698,354.64. Following the transaction, the executive vice president now directly owns 131,109 shares of the company’s stock, valued at $6,611,826.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,865,706 shares of company stock valued at $340,155,785. 0.74% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on CBRE. JMP Securities reaffirmed a “hold” rating on shares of CBRE Group in a research report on Monday, March 11th. Bank of America set a $54.00 target price on shares of CBRE Group and gave the stock a “hold” rating in a research report on Friday, March 8th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, February 19th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a research report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. CBRE Group presently has an average rating of “Buy” and an average price target of $56.33.

Shares of NYSE CBRE opened at $46.78 on Tuesday. CBRE Group Inc has a 1 year low of $37.45 and a 1 year high of $52.41. The stock has a market cap of $15.91 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 1.16.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.20. CBRE Group had a net margin of 4.94% and a return on equity of 24.72%. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same period last year, the company posted $0.54 EPS. CBRE Group’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that CBRE Group Inc will post 3.61 earnings per share for the current fiscal year.

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CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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