Cibc World Markets Corp Has $17.75 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Cibc World Markets Corp grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,199 shares of the financial services provider's stock after buying an additional 14,342 shares during the period. Cibc World Markets Corp's holdings in CBRE Group were worth $17,750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group in the 4th quarter valued at $25,000. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the 3rd quarter valued at about $27,000. Denver PWM LLC purchased a new position in shares of CBRE Group during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC raised its holdings in CBRE Group by 610.9% in the 4th 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. Finally, Catalyst Capital Advisors LLC boosted its position in CBRE Group by 190.4% during 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 in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE traded down $0.38 during trading on Friday, reaching $129.76. The company had a trading volume of 3,452,450 shares, compared to its average volume of 1,671,683. The stock has a 50-day moving average price of $137.22 and a two-hundred day moving average price of $131.43. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market capitalization of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

Remove Ads

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the company's 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 completion of the sale, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm'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 transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CBRE shares. StockNews.com upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Evercore ISI lowered their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.89.

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.