CANADA LIFE ASSURANCE Co Grows Stake in CBRE Group, Inc. (NYSE:CBRE)

CANADA LIFE ASSURANCE Co grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,594 shares of the financial services provider's stock after purchasing an additional 19,017 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of CBRE Group worth $41,275,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of CBRE Group by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after purchasing an additional 277,922 shares during the last quarter. World Investment Advisors LLC bought a new stake in CBRE Group in the third quarter worth about $285,000. Wilmington Savings Fund Society FSB purchased a new position in CBRE Group in the third quarter valued at about $2,330,000. Tidal Investments LLC grew its position in shares of CBRE Group by 97.4% during the 3rd 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 period. Finally, Synovus Financial Corp increased its stake in shares of CBRE Group by 2.9% during the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock worth $1,437,000 after purchasing an additional 330 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CBRE shares. JPMorgan Chase & Co. reduced their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. UBS Group reduced their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Evercore ISI cut their price objective 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $149.56.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

CBRE Group Price Performance

NYSE:CBRE traded up $4.61 during midday trading on Thursday, hitting $126.66. The company had a trading volume of 1,373,030 shares, compared to its average volume of 2,005,446. The company has a market capitalization of $37.98 billion, a PE ratio of 40.34 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 52-week low of $84.24 and a 52-week high of $147.75. The stock's fifty day moving average price is $128.52 and its 200-day moving average price is $131.91.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.