CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,956 shares of the financial services provider's stock after acquiring an additional 7,701 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in CBRE Group were worth $11,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $27,000. American National Bank & Trust purchased a new position in shares of CBRE Group during the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in CBRE Group during the third quarter valued at $32,000. Finally, Wolff Wiese Magana LLC boosted its holdings in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

CBRE Group Price Performance

NYSE:CBRE traded up $2.03 during trading hours on Thursday, hitting $139.69. 2,180,749 shares of the stock were exchanged, compared to its average volume of 1,688,864. The firm's fifty day moving average price is $131.02 and its 200 day moving average price is $113.10. CBRE Group, Inc. has a 52-week low of $82.02 and a 52-week high of $142.00. The company has a market cap of $42.75 billion, a P/E ratio of 44.79 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on CBRE shares. Evercore ISI boosted their price target on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Finally, Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $129.63.

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.