CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,509 shares of the financial services provider's stock after acquiring an additional 8,977 shares during the quarter. Mizuho Securities USA LLC's holdings in CBRE Group were worth $3,743,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted 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 buying an additional 277,922 shares during the last quarter. Empowered Funds LLC lifted its position in CBRE Group by 10.3% in the third quarter. Empowered Funds LLC now owns 4,774 shares of the financial services provider's stock valued at $594,000 after acquiring an additional 446 shares during the last quarter. King Luther Capital Management Corp acquired a new position in CBRE Group in the third quarter valued at $225,000. Charles Schwab Investment Management Inc. grew its holdings in shares of CBRE Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,876,724 shares of the financial services provider's stock worth $233,615,000 after purchasing an additional 16,202 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its position in shares of CBRE Group by 2.1% during the third quarter. Meridian Wealth Management LLC now owns 5,121 shares of the financial services provider's stock worth $637,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

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Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares of the company's stock, valued at $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 company insiders.

Analyst Ratings Changes

CBRE has been the subject of several research analyst reports. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

CBRE Group Price Performance

Shares of NYSE CBRE traded down $1.05 during trading on Thursday, hitting $131.57. 1,779,013 shares of the company were exchanged, compared to its average volume of 1,668,763. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a market cap of $39.48 billion, a price-to-earnings ratio of 41.90 and a beta of 1.42. The firm's fifty day moving average price is $137.75 and its 200 day moving average price is $132.05.

CBRE Group (NYSE:CBRE - Get Free Report) last issued 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 net margin of 2.71% and a return on equity of 16.96%. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.