Canada Pension Plan Investment Board Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Canada Pension Plan Investment Board increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304,875 shares of the financial services provider's stock after purchasing an additional 181,238 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.43% of CBRE Group worth $171,317,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CBRE. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $149.56.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction dated 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 in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Performance

NYSE CBRE traded up $4.29 on Wednesday, hitting $122.48. 1,017,862 shares of the stock traded hands, compared to its average volume of 1,809,464. The firm has a market capitalization of $36.73 billion, a price-to-earnings ratio of 39.01 and a beta of 1.26. The business's fifty day moving average is $128.96 and its two-hundred day moving average is $131.98. 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 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal 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.