DnB Asset Management AS Purchases 14,831 Shares of CBRE Group, Inc. (NYSE:CBRE)

DnB Asset Management AS raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,840 shares of the financial services provider's stock after purchasing an additional 14,831 shares during the quarter. DnB Asset Management AS's holdings in CBRE Group were worth $8,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CBRE. 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 worth $924,223,000 after purchasing an additional 277,922 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of CBRE Group during the third quarter worth approximately $205,000. The Manufacturers Life Insurance Company raised its stake in shares of CBRE Group by 2.8% in the third quarter. The Manufacturers Life Insurance Company now owns 213,505 shares of the financial services provider's stock valued at $26,577,000 after acquiring an additional 5,743 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of CBRE Group by 70.9% in the third quarter. Townsquare Capital LLC now owns 5,595 shares of the financial services provider's stock valued at $696,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Freedom Investment Management Inc. acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $208,000. 98.41% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBRE shares. Morgan Stanley raised their price target on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. Finally, StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three investment 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Trading Down 5.6 %

Shares of NYSE:CBRE traded down $7.51 during midday trading on Thursday, hitting $125.78. The company had a trading volume of 992,990 shares, compared to its average volume of 1,871,453. The firm has a fifty day simple moving average of $137.10 and a 200 day simple moving average of $132.55. The stock has a market cap of $37.74 billion, a price-to-earnings ratio of 40.06 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. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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 return on equity of 16.96% and a net margin of 2.71%. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group 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 transaction, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% 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.