Glenmede Trust Co. NA Has $16.74 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Glenmede Trust Co. NA increased its position in CBRE Group, Inc. (NYSE:CBRE) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,442 shares of the financial services provider’s stock after buying an additional 5,657 shares during the period. Glenmede Trust Co. NA’s holdings in CBRE Group were worth $16,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. Cetera Investment Advisers increased its stake in shares of CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock worth $2,718,000 after purchasing an additional 23,290 shares during the last quarter. Algert Global LLC bought a new position in CBRE Group during the third quarter valued at about $1,829,000. Czech National Bank lifted its position in shares of CBRE Group by 9.8% in the second quarter. Czech National Bank now owns 57,473 shares of the financial services provider’s stock worth $5,121,000 after buying an additional 5,125 shares during the last quarter. Comerica Bank boosted its stake in shares of CBRE Group by 7.4% during the 1st quarter. Comerica Bank now owns 91,518 shares of the financial services provider’s stock worth $8,899,000 after acquiring an additional 6,337 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of CBRE Group by 188.0% in the 1st quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 10,740 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.00.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $140.71 on Friday. The firm has a market capitalization of $43.06 billion, a PE ratio of 45.24 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 1-year low of $78.18 and a 1-year high of $142.00. The business’s 50 day moving average is $128.43 and its 200-day moving average is $109.95.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the 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 completion of the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’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 owns 217,094 shares in the company, valued at $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.

CBRE Group 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.