AQR Capital Management LLC Increases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

AQR Capital Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 127.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 213,148 shares of the financial services provider’s stock after buying an additional 119,563 shares during the period. AQR Capital Management LLC owned approximately 0.07% of CBRE Group worth $18,994,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of CBRE Group by 164.1% in the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock valued at $419,387,000 after acquiring an additional 2,799,097 shares during the period. Swedbank AB purchased a new stake in CBRE Group in the 1st quarter worth about $162,576,000. Harris Associates L P lifted its stake in CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after purchasing an additional 683,225 shares during the last quarter. Delta Global Management LP boosted its position in shares of CBRE Group by 266.2% during the first quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock valued at $52,877,000 after buying an additional 395,297 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of CBRE Group by 1,730.4% during the first quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after buying an additional 372,870 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price for the company. UBS Group reduced their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Raymond James boosted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $100.00 to $123.00 in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $112.33.

CBRE Group Stock Up 1.1 %

CBRE Group stock opened at $124.50 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a market cap of $38.20 billion, a P/E ratio of 38.78 and a beta of 1.40. The business has a fifty day moving average of $114.11 and a two-hundred day moving average of $98.58. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $124.84.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same period in the prior year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts forecast that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the sale, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at $1,824,501.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. The disclosure for this sale can be found here. Insiders have sold a total of 27,232 shares of company stock valued at $3,058,787 in the last 90 days. 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.