Beck Mack & Oliver LLC Buys Shares of 2,926 CBRE Group, Inc. (NYSE:CBRE)

Beck Mack & Oliver LLC acquired a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,926 shares of the financial services provider's stock, valued at approximately $384,000.

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

CBRE Group Stock Performance

CBRE Group stock traded up $2.34 during midday trading on Thursday, hitting $124.39. 1,790,696 shares of the company were exchanged, compared to its average volume of 1,816,978. The business has a fifty day simple moving average of $128.52 and a two-hundred day simple moving average of $131.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm has a market capitalization of $37.30 billion, a PE ratio of 39.61 and a beta of 1.26. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. 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. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Morgan Stanley lowered their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $149.00.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business'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 transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 of the company's stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

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.