Generali Asset Management SPA SGR Makes New $6.03 Million Investment in CBRE Group, Inc. (NYSE:CBRE)

Generali Asset Management SPA SGR purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,918 shares of the financial services provider's stock, valued at approximately $6,029,000.

Several other large investors have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group in the fourth quarter worth approximately $25,000. Canton Hathaway LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in CBRE Group during the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after buying an additional 238 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.3 %

NYSE CBRE traded down $0.38 during trading on Friday, hitting $129.76. 3,452,450 shares of the company traded hands, compared to its average volume of 1,671,213. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The business has a fifty day simple moving average of $137.34 and a 200 day simple moving average of $131.64. The company has a market capitalization of $38.93 billion, a P/E 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.

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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 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%. As a group, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBRE. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Morgan Stanley upped their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Two 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 company. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus price target 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.