MML Investors Services LLC Has $8.21 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

by · The Cerbat Gem

MML Investors Services LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,922 shares of the financial services provider’s stock after acquiring an additional 3,454 shares during the quarter. MML Investors Services LLC’s holdings in CBRE Group were worth $8,206,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Algert Global LLC bought a new stake in CBRE Group in the third quarter valued at $1,829,000. Cornerstone Advisors LLC grew its stake in shares of CBRE Group by 29.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 3,800 shares during the period. Charles Schwab Investment Management Inc. increased its position in CBRE Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,876,724 shares of the financial services provider’s stock valued at $233,615,000 after buying an additional 16,202 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in CBRE Group by 6.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock worth $28,810,000 after buying an additional 20,717 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in CBRE Group by 110.7% in the second quarter. Federated Hermes Inc. now owns 8,879 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 4,665 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE stock opened at $137.67 on Thursday. 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 has a 50-day moving average of $130.77 and a 200-day moving average of $112.93. CBRE Group, Inc. has a one year low of $81.62 and a one year high of $142.00. The company has a market cap of $42.13 billion, a P/E ratio of 44.35 and a beta of 1.39.

CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several recent research reports. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Evercore ISI upped their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $129.63.

Read Our Latest Report on CBRE

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

CBRE Group Profile

(Free Report)

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.

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