Mufg Securities Americas Inc. Purchases Shares of 4,441 CBRE Group, Inc. (NYSE:CBRE)

Mufg Securities Americas Inc. acquired a new position in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,441 shares of the financial services provider’s stock, valued at approximately $583,000.

Other large investors have also recently modified their holdings of the company. Wedmont Private Capital raised its stake in CBRE Group by 5.8% in the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider’s stock valued at $463,000 after buying an additional 206 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of CBRE Group by 18.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 513 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of CBRE Group by 43.0% in the 4th quarter. Park Avenue Securities LLC now owns 35,160 shares of the financial services provider’s stock valued at $4,616,000 after purchasing an additional 10,573 shares during the last quarter. Burney Co. boosted its stake in CBRE Group by 398.3% in the 4th quarter. Burney Co. now owns 15,147 shares of the financial services provider’s stock worth $1,989,000 after purchasing an additional 12,107 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in CBRE Group during the 4th quarter worth approximately $1,008,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.9%

Shares of NYSE:CBRE opened at $130.22 on Friday. 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, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The business has a 50 day moving average of $124.31 and a two-hundred day moving average of $132.04. The company has a market capitalization of $38.82 billion, a PE ratio of 41.47 and a beta of 1.30.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the previous year, the business posted $0.78 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,424 shares of company stock worth $431,064. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CBRE shares. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. Finally, UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.22.

About CBRE Group

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.