Huntington National Bank Has $826,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

Huntington National Bank boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,639 shares of the financial services provider’s stock after purchasing an additional 839 shares during the period. Huntington National Bank’s holdings in CBRE Group were worth $826,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CBRE. Janney Montgomery Scott LLC bought a new stake in CBRE Group in the 1st quarter valued at $336,000. Empowered Funds LLC raised its holdings in CBRE Group by 21.6% in the 1st quarter. Empowered Funds LLC now owns 3,811 shares of the financial services provider’s stock valued at $371,000 after buying an additional 678 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of CBRE Group by 4.4% during the first quarter. Bleakley Financial Group LLC now owns 4,506 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 191 shares during the period. Orion Portfolio Solutions LLC raised its position in CBRE Group by 54.0% during the 1st quarter. Orion Portfolio Solutions LLC now owns 32,911 shares of the financial services provider’s stock worth $3,200,000 after purchasing an additional 11,540 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in shares of CBRE Group by 3.7% in the first quarter. Tocqueville Asset Management L.P. now owns 5,638 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 200 shares during the period. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CBRE. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Raymond James lifted their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $130.23 on Friday. The stock has a market cap of $39.85 billion, a price-to-earnings ratio of 41.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $124.93 and its 200 day moving average is $106.60. CBRE Group, Inc. has a 1 year low of $76.63 and a 1 year high of $137.93.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

CBRE Group Company 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.