CBRE Group, Inc. (NYSE:CBRE) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,995 shares of the financial services provider’s stock after buying an additional 3,291 shares during the quarter. ProShare Advisors LLC’s holdings in CBRE Group were worth $8,796,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in CBRE Group in the 4th quarter worth $514,609,000. Artisan Partners Limited Partnership grew its position in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after purchasing an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd purchased a new stake in shares of CBRE Group during the fourth quarter worth about $190,695,000. Manning & Napier Advisors LLC acquired a new position in shares of CBRE Group during the 4th quarter worth about $175,978,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock worth $161,876,000 after purchasing an additional 1,222,558 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Chad J. Doellinger sold 494 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were 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 directly owns 107,343 shares in the company, 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. Insiders sold a total of 3,424 shares of company stock valued at $431,064 in the last 90 days. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $152.00 in a research note 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. UBS Group decreased their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $149.22.

CBRE Group Stock Up 1.0%

Shares of NYSE:CBRE opened at $131.58 on Friday. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The stock has a market cap of $39.22 billion, a P/E ratio of 41.90 and a beta of 1.30. The business has a fifty day moving average of $124.42 and a two-hundred day moving average of $132.05. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share 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 for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.