Vinva Investment Management Ltd Has $9.22 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Vinva Investment Management Ltd raised its position in CBRE Group, Inc. (NYSE:CBRE) by 249.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 74,861 shares of the financial services provider’s stock after buying an additional 53,427 shares during the period. Vinva Investment Management Ltd’s holdings in CBRE Group were worth $9,221,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares during the period. Robeco Institutional Asset Management B.V. grew its position in CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares in the last quarter. Eminence Capital LP raised its holdings in CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after acquiring an additional 453,406 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of CBRE Group in the second quarter valued at $36,820,000. Finally, Long Pond Capital LP bought a new position in shares of CBRE Group in the 2nd quarter valued at about $29,941,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

NYSE CBRE opened at $140.71 on Thursday. The firm’s fifty day moving average price is $128.07 and its two-hundred day moving average price is $109.74. The stock has a market cap of $43.06 billion, a PE ratio of 45.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $78.18 and a fifty-two week high of $142.00.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the company posted $0.72 EPS. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of research reports. Evercore ISI raised their target price 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. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $1,146,700.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.