BI Asset Management Fondsmaeglerselskab A S Has $3.17 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,133 shares of the financial services provider's stock after acquiring an additional 2,309 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in CBRE Group were worth $3,168,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Meridian Wealth Management LLC increased its stake in CBRE Group by 1.4% during the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after acquiring an additional 75 shares during the period. Signaturefd LLC lifted its position in CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after acquiring an additional 99 shares in the last quarter. IFP Advisors Inc boosted its stake in CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James cut 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 report on Friday, January 24th. Morgan Stanley reduced their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday. 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 raised their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $149.00.

CBRE Group Stock Performance

NYSE:CBRE traded down $2.00 during mid-day trading on Friday, hitting $120.88. The stock had a trading volume of 1,715,604 shares, compared to its average volume of 1,825,909. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. 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 stock has a market cap of $36.25 billion, a price-to-earnings ratio of 38.50 and a beta of 1.26. The company's 50 day simple moving average is $127.65 and its 200 day simple moving average is $131.93.

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

CBRE Group Company 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.