Axiom Investors LLC DE Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Axiom Investors LLC DE purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,150 shares of the financial services provider's stock, valued at approximately $1,858,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the fourth quarter valued at about $25,000. Denver PWM LLC bought a new stake in CBRE Group in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC boosted its position in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after acquiring an additional 238 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $58,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CBRE. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 target price on the stock. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $149.89.

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CBRE Group Stock Performance

Shares of CBRE Group stock traded down $6.02 on Friday, hitting $117.82. The stock had a trading volume of 2,543,359 shares, compared to its average volume of 1,775,171. The stock has a market cap of $35.35 billion, a price-to-earnings ratio of 37.52 and a beta of 1.26. 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, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The business's 50 day moving average is $136.28 and its two-hundred day moving average is $132.57.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction 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 sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.