MetLife Investment Management LLC Has $10.46 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

MetLife Investment Management LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 79,703 shares of the financial services provider’s stock after acquiring an additional 1,301 shares during the quarter. MetLife Investment Management LLC’s holdings in CBRE Group were worth $10,464,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after purchasing an additional 277,922 shares during the period. World Investment Advisors LLC acquired a new stake in shares of CBRE Group in the third quarter valued at about $285,000. Wilmington Savings Fund Society FSB bought a new position in shares of CBRE Group during the third quarter worth about $2,330,000. Tidal Investments LLC lifted its stake in shares of CBRE Group by 97.4% in the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock worth $1,281,000 after acquiring an additional 5,077 shares during the period. Finally, Synovus Financial Corp boosted its holdings in CBRE Group by 2.9% in the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.2 %

CBRE opened at $117.45 on Monday. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company’s 50-day moving average is $129.97 and its 200 day moving average is $132.11. The firm has a market capitalization of $35.22 billion, a P/E ratio of 37.41 and a beta of 1.26.

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

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 completion of the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Morgan Stanley boosted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price target on CBRE Group from $145.00 to $129.00 and set a “market perform” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.56.

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.