Avanza Fonder AB Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Avanza Fonder AB bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,004 shares of the financial services provider's stock, valued at approximately $4,071,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth $27,000. American National Bank & Trust acquired a new stake in CBRE Group in the third quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group during the 3rd quarter worth about $32,000. Wolff Wiese Magana LLC boosted its position in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of CBRE Group in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE Group stock traded up $2.27 during mid-day trading on Friday, reaching $137.02. 2,146,112 shares of the company were exchanged, compared to its average volume of 1,616,147. The firm's 50-day simple moving average is $133.43 and its two-hundred day simple moving average is $121.32. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $142.00. The firm has a market cap of $41.93 billion, a PE ratio of 44.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. CBRE Group's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. Equities analysts predict that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley raised CBRE Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $115.00 to $160.00 in a report on Wednesday. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI decreased 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 note on Monday, January 13th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $145.44.

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.