BI Asset Management Fondsmaeglerselskab A S Has $3.17 Million Stock Holdings 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% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of CBRE Group during the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC purchased a new position in CBRE Group during the fourth quarter valued at approximately $256,000. Fulton Bank N.A. raised its stake in CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock valued at $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in CBRE Group during the fourth quarter valued at approximately $175,978,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of CBRE Group by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock valued at $391,752,000 after purchasing an additional 338,298 shares during the period. Institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several analyst reports. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. UBS Group lowered their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Three investment 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 company's stock. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $149.00.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group 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 sale, the insider now directly 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. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Down 1.6 %

CBRE Group stock traded down $2.00 during trading on Friday, reaching $120.88. 1,715,586 shares of the company's stock were exchanged, compared to its average volume of 2,025,016. The company's 50-day moving average is $128.10 and its two-hundred day moving average is $131.93. The firm has a market cap of $36.25 billion, a price-to-earnings ratio of 38.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced 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. The business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, analysts predict 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.