Intrust Bank NA Has $1.71 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Intrust Bank NA increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,010 shares of the financial services provider’s stock after acquiring an additional 1,060 shares during the period. Intrust Bank NA’s holdings in CBRE Group were worth $1,708,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allstate Corp bought a new stake in CBRE Group during the fourth quarter worth approximately $1,202,000. Brown Brothers Harriman & Co. boosted its holdings in shares of CBRE Group by 11.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 487,133 shares of the financial services provider’s stock worth $63,956,000 after buying an additional 51,964 shares during the period. DnB Asset Management AS grew its stake in CBRE Group by 28.0% in the 4th quarter. DnB Asset Management AS now owns 67,840 shares of the financial services provider’s stock valued at $8,907,000 after buying an additional 14,831 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in CBRE Group by 9.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 190,941 shares of the financial services provider’s stock valued at $25,069,000 after buying an additional 15,924 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in CBRE Group by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 93,315 shares of the financial services provider’s stock worth $12,251,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $129.40 on Friday. The firm has a market capitalization of $38.82 billion, a price-to-earnings ratio of 41.21 and a beta of 1.42. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The business has a fifty day simple moving average of $137.54 and a 200 day simple moving average of $132.15. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CBRE. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

CBRE Group 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.