Canada Post Corp Registered Pension Plan Invests $612,000 in CBRE Group, Inc. (NYSE:CBRE)

Canada Post Corp Registered Pension Plan bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,662 shares of the financial services provider's stock, valued at approximately $612,000.

Several other large investors have also recently added to or reduced their stakes in CBRE. Principal Financial Group Inc. raised its stake in CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after purchasing an additional 277,922 shares during the period. World Investment Advisors LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth $285,000. Wilmington Savings Fund Society FSB purchased a new position in shares of CBRE Group in the 3rd quarter worth $2,330,000. Tidal Investments LLC boosted its holdings in CBRE Group by 97.4% in the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider's stock valued at $1,281,000 after acquiring an additional 5,077 shares during the last quarter. Finally, Synovus Financial Corp grew its position in CBRE Group by 2.9% during the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock valued at $1,437,000 after acquiring an additional 330 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of CBRE traded down $3.19 during mid-day trading on Monday, hitting $114.43. The stock had a trading volume of 179,967 shares, compared to its average volume of 1,802,308. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a market cap of $34.31 billion, a PE ratio of 36.44 and a beta of 1.26. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company's fifty day simple moving average is $129.97 and its two-hundred day simple moving average is $132.11.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRE. Keefe, Bruyette & Woods reduced their price objective on CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $149.56.

Insider Activity at CBRE Group

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 value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

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.