Moody National Bank Trust Division Invests $258,000 in CBRE Group, Inc. (NYSE:CBRE)

Moody National Bank Trust Division bought a new position in CBRE Group, Inc. (NYSE:CBREGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,503 shares of the financial services provider’s stock, valued at approximately $258,000.

A number of other large investors have also made changes to their positions in CBRE. Tcwp LLC purchased a new position in CBRE Group during the 1st quarter valued at about $25,000. Jones Financial Companies Lllp lifted its position in CBRE Group by 65.4% during the first quarter. Jones Financial Companies Lllp now owns 316 shares of the financial services provider’s stock valued at $29,000 after buying an additional 125 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in CBRE Group during the first quarter valued at approximately $31,000. FourThought Financial LLC acquired a new position in CBRE Group during the first quarter valued at approximately $41,000. Finally, Itau Unibanco Holding S.A. acquired a new position in CBRE Group during the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

CBRE Group Stock Down 2.5 %

Shares of NYSE:CBRE opened at $74.98 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $81.23 and a 200 day simple moving average of $81.80. The firm has a market cap of $24.08 billion, a PE ratio of 12.58 and a beta of 1.38. CBRE Group, Inc. has a 12-month low of $67.68 and a 12-month high of $111.00.

CBRE Group (NYSE:CBREGet Rating) last released its earnings results on Thursday, August 4th. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.44. CBRE Group had a net margin of 6.59% and a return on equity of 25.77%. The firm had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. On average, equities research analysts anticipate that CBRE Group, Inc. will post 6.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CBRE. Raymond James lifted their price objective on shares of CBRE Group from $110.00 to $113.00 and gave the company a “strong-buy” rating in a research note on Friday, August 5th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Finally, Evercore ISI lifted their price objective on shares of CBRE Group to $96.00 in a research note on Monday, August 15th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $110.20.

About CBRE Group

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CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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

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