MERIAN GLOBAL INVESTORS UK Ltd Invests $133.88 Million in CBRE Group Inc (CBRE) Stock

MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in CBRE Group Inc (NYSE:CBRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,035,827 shares of the financial services provider’s stock, valued at approximately $133,879,000. MERIAN GLOBAL INVESTORS UK Ltd owned 0.89% of CBRE Group as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Atria Investments LLC lifted its holdings in CBRE Group by 14.4% in the second quarter. Atria Investments LLC now owns 8,151 shares of the financial services provider’s stock valued at $389,000 after buying an additional 1,024 shares during the period. Optimum Investment Advisors raised its holdings in shares of CBRE Group by 6.8% during the third quarter. Optimum Investment Advisors now owns 21,263 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 1,350 shares during the period. DNB Asset Management AS raised its holdings in shares of CBRE Group by 3.8% during the third quarter. DNB Asset Management AS now owns 43,679 shares of the financial services provider’s stock valued at $1,926,000 after purchasing an additional 1,600 shares during the period. Jensen Investment Management Inc. raised its holdings in shares of CBRE Group by 14.1% during the second quarter. Jensen Investment Management Inc. now owns 15,120 shares of the financial services provider’s stock valued at $722,000 after purchasing an additional 1,870 shares during the period. Finally, DnB Asset Management AS raised its holdings in shares of CBRE Group by 6.3% during the second quarter. DnB Asset Management AS now owns 42,079 shares of the financial services provider’s stock valued at $2,009,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 94.78% of the company’s stock.

Shares of CBRE traded down $0.14 on Wednesday, reaching $40.18. The company’s stock had a trading volume of 5,398 shares, compared to its average volume of 1,921,698. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group Inc has a twelve month low of $38.53 and a twelve month high of $50.43. The firm has a market capitalization of $14.99 billion, a PE ratio of 14.80, a P/E/G ratio of 1.08 and a beta of 1.78.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. CBRE Group had a net margin of 4.21% and a return on equity of 23.53%. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.72 billion. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, analysts expect that CBRE Group Inc will post 3.14 EPS for the current year.

In related news, CEO William F. Concannon sold 28,878 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $47.47, for a total value of $1,370,838.66. Following the sale, the chief executive officer now owns 204,631 shares in the company, valued at approximately $9,713,833.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Several brokerages have recently weighed in on CBRE. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, June 20th. ValuEngine lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Barclays upped their price objective 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. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $52.19.

CBRE Group 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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