NEOS Investment Management LLC Has $401,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

NEOS Investment Management LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 43.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,303 shares of the financial services provider’s stock after acquiring an additional 1,306 shares during the period. NEOS Investment Management LLC’s holdings in CBRE Group were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Great Lakes Advisors LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $244,000. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $2,040,000. Amalgamated Bank increased its stake in CBRE Group by 1.4% in the 3rd quarter. Amalgamated Bank now owns 82,541 shares of the financial services provider’s stock valued at $6,096,000 after buying an additional 1,168 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of CBRE Group by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock worth $1,684,000 after purchasing an additional 219 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of CBRE Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,762,669 shares of the financial services provider’s stock worth $130,191,000 after purchasing an additional 17,703 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Evercore ISI boosted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Five investment 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $99.50.

Check Out Our Latest Research Report on CBRE

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of 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 filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $86.42 on Thursday. The firm has a 50 day moving average of $89.20 and a 200-day moving average of $88.56. The stock has a market capitalization of $26.52 billion, a PE ratio of 26.92 and a beta of 1.41. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65.

CBRE Group (NYSE:CBREGet Free Report) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 4.5 EPS for the current fiscal year.

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

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

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