TD Asset Management Inc Purchases 4,599 Shares of CBRE Group, Inc. (NYSE:CBRE)

TD Asset Management Inc boosted its position in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,244 shares of the financial services provider’s stock after buying an additional 4,599 shares during the period. TD Asset Management Inc’s holdings in CBRE Group were worth $9,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC boosted its stake in CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares during the last quarter. Headinvest LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $45,000. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $48,000. Finally, Planned Solutions Inc. bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $52,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 1.1 %

Shares of NYSE CBRE opened at $85.64 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is $89.41 and its 200-day moving average price is $88.58. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 26.68 and a beta of 1.41.

CBRE Group (NYSE:CBREGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CBRE shares. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group started coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI raised their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $99.50.

View Our Latest Research Report on CBRE

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

CBRE Group Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBREFree Report).

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

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.