Atlas Capital Advisors LLC acquired a new stake in CBRE Group Inc (NYSE:CBRE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,796 shares of the financial services provider’s stock, valued at approximately $434,000.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in CBRE Group in the third quarter valued at about $103,000. Quadrant Capital Group LLC purchased a new position in CBRE Group in the third quarter valued at about $128,000. Hanson & Doremus Investment Management purchased a new position in CBRE Group in the third quarter valued at about $155,000. SRS Capital Advisors Inc. purchased a new position in CBRE Group in the third quarter valued at about $156,000. Finally, Advisory Services Network LLC purchased a new position in CBRE Group in the third quarter valued at about $162,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Shares of CBRE opened at $42.25 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group Inc has a 1-year low of $38.05 and a 1-year high of $50.43. The company has a market cap of $14.87 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.17 billion. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, sell-side analysts expect that CBRE Group Inc will post 3.2 earnings per share for the current fiscal year.

A number of research analysts have issued reports on CBRE shares. Bank of America dropped their target price on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 2nd. ValuEngine cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Barclays increased their target price on shares of CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Monday, August 6th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.56.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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

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