HGI Capital Management LLC Has $5.89 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

HGI Capital Management LLC lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,312 shares of the financial services provider’s stock after selling 13,234 shares during the quarter. CBRE Group accounts for about 5.1% of HGI Capital Management LLC’s investment portfolio, making the stock its 5th largest position. HGI Capital Management LLC’s holdings in CBRE Group were worth $5,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Canton Hathaway LLC acquired a new stake in CBRE Group during the 3rd quarter valued at $27,000. American National Bank & Trust acquired a new stake in CBRE Group during the 3rd quarter valued at $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in CBRE Group during the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC increased its holdings in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

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

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping 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 return on equity of 13.91% and a net margin of 2.79%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. As a group, research analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CBRE. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI lifted their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, 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. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.00.

Insider Activity

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.