National Bank of Canada FI Buys 11,340 Shares of CBRE Group, Inc. (NYSE:CBRE)

National Bank of Canada FI grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,318 shares of the financial services provider's stock after acquiring an additional 11,340 shares during the period. National Bank of Canada FI's holdings in CBRE Group were worth $19,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CBRE. SBI Securities Co. Ltd. bought a new position in CBRE Group during the fourth quarter worth $25,000. Denver PWM LLC bought a new position in shares of CBRE Group during the 4th quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after buying an additional 281 shares during the period. Catalyst Capital Advisors LLC raised its stake in CBRE Group by 190.4% during the 4th 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. Finally, Runnymede Capital Advisors Inc. acquired a new position in CBRE Group during the 4th quarter worth approximately $58,000. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.89.

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Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, 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.

CBRE Group Stock Performance

Shares of CBRE stock traded down $0.41 during trading on Monday, hitting $117.67. The company's stock had a trading volume of 1,769,512 shares, compared to its average volume of 1,775,366. The business has a fifty day moving average of $136.28 and a 200-day moving average of $132.66. The company has a market cap of $35.31 billion, a PE ratio of 37.61 and a beta of 1.26. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. 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 (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.