Shayne & Jacobs LLC Has $4.62 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Shayne & Jacobs LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,098 shares of the financial services provider’s stock after selling 820 shares during the quarter. CBRE Group accounts for approximately 1.2% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 10th largest position. Shayne & Jacobs LLC’s holdings in CBRE Group were worth $4,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mediolanum International Funds Ltd bought a new position in shares of CBRE Group in the third quarter worth about $8,971,000. Ballentine Partners LLC lifted its holdings in shares of CBRE Group by 17.0% in the third quarter. Ballentine Partners LLC now owns 7,904 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 1,148 shares during the last quarter. Busey Bank lifted its holdings in shares of CBRE Group by 33.3% in the third quarter. Busey Bank now owns 169,805 shares of the financial services provider’s stock worth $21,137,000 after acquiring an additional 42,462 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of CBRE Group by 19.1% in the third quarter. Assenagon Asset Management S.A. now owns 710,898 shares of the financial services provider’s stock worth $88,493,000 after acquiring an additional 113,975 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of CBRE Group in the third quarter worth about $62,760,000. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction 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 $5,739,328. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,232 shares of company stock valued at $2,839,047. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $132.54 on Friday. The company has a market capitalization of $40.67 billion, a PE ratio of 41.29 and a beta of 1.40. The company has a 50 day simple moving average of $119.43 and a two-hundred day simple moving average of $101.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $136.06.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Research analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBRE. Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price for the company. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. UBS Group lowered their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Raymond James upped their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.83.

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.