CBRE Group, Inc. (NYSE:CBRE) Stake Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,924 shares of the financial services provider's stock after purchasing an additional 8,662 shares during the quarter. Daiwa Securities Group Inc.'s holdings in CBRE Group were worth $9,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in 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 worth $924,223,000 after purchasing an additional 277,922 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in CBRE Group by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock worth $763,909,000 after purchasing an additional 49,732 shares during the last quarter. Earnest Partners LLC increased its holdings in CBRE Group by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider's stock worth $324,085,000 after purchasing an additional 54,510 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in CBRE Group by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider's stock worth $295,640,000 after purchasing an additional 142,088 shares during the last quarter. Finally, Vulcan Value Partners LLC increased its holdings in CBRE Group by 4.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider's stock worth $237,323,000 after purchasing an additional 123,108 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. 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. Citigroup boosted their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday. Finally, Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

CBRE Group Price Performance

CBRE stock traded up $1.75 during trading hours on Tuesday, hitting $140.44. 2,216,586 shares of the stock traded hands, compared to its average volume of 1,688,194. The stock has a 50-day simple moving average of $127.21 and a 200 day simple moving average of $109.17. CBRE Group, Inc. has a one year low of $78.18 and a one year high of $141.05. The company has a market cap of $42.98 billion, a P/E ratio of 44.61 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 announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the business posted $0.72 earnings per share. The company's quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts forecast that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at $24,894,168.98. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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.