BI Asset Management Fondsmaeglerselskab A S Acquires 2,309 Shares of CBRE Group, Inc. (NYSE:CBRE)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,133 shares of the financial services provider’s stock after purchasing an additional 2,309 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in CBRE Group were worth $3,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership lifted its position in shares of CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in shares of CBRE Group during the 4th quarter worth $190,695,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth $175,978,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of CBRE Group by 11,750.8% in the fourth 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 period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s 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 directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. UBS Group reduced their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley boosted their price target on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.56.

CBRE Group Trading Up 0.2 %

Shares of CBRE stock opened at $117.45 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. 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, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock’s fifty day simple moving average is $129.97 and its 200 day simple moving average is $132.11.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal 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.