Natixis Has $12.19 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Natixis trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 92,845 shares of the financial services provider's stock after selling 4,446 shares during the quarter. Natixis' holdings in CBRE Group were worth $12,190,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CBRE. Norinchukin Bank The raised its holdings in shares of CBRE Group by 9.5% during the 4th quarter. Norinchukin Bank The now owns 13,652 shares of the financial services provider's stock worth $1,792,000 after buying an additional 1,186 shares in the last quarter. Ossiam boosted its stake in CBRE Group by 51.1% in the fourth quarter. Ossiam now owns 238,749 shares of the financial services provider's stock valued at $31,345,000 after buying an additional 80,761 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in CBRE Group by 10.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,133 shares of the financial services provider's stock valued at $3,168,000 after acquiring an additional 2,309 shares during the last quarter. Beck Mack & Oliver LLC acquired a new position in CBRE Group during the fourth quarter worth about $384,000. Finally, Freedom Investment Management Inc. lifted its holdings in shares of CBRE Group by 16.1% in the fourth quarter. Freedom Investment Management Inc. now owns 1,943 shares of the financial services provider's stock worth $255,000 after acquiring an additional 270 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction 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 sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Trading Up 3.2 %

Shares of CBRE traded up $3.80 during trading hours on Wednesday, hitting $121.99. 3,440,735 shares of the stock were exchanged, compared to its average volume of 1,816,830. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The business has a 50-day moving average of $128.96 and a 200-day moving average of $131.98. The firm has a market capitalization of $36.58 billion, a P/E ratio of 38.85 and a beta of 1.26. 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 (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping 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%. On average, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on CBRE. 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 research report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target on CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, 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. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $149.56.

CBRE Group 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.