CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Natixis

Natixis lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 69.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,018 shares of the financial services provider's stock after acquiring an additional 22,464 shares during the period. Natixis' holdings in CBRE Group were worth $5,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harris Associates L P grew its position in CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider's stock worth $1,489,919,000 after purchasing an additional 683,225 shares in the last quarter. Principal Financial Group Inc. grew its position in CBRE Group by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 6,936,745 shares of the financial services provider's stock worth $674,529,000 after purchasing an additional 69,164 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in CBRE Group by 2.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider's stock worth $586,739,000 after purchasing an additional 165,094 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in CBRE Group by 13.1% in the fourth quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider's stock valued at $485,512,000 after acquiring an additional 603,771 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in CBRE Group by 164.1% in the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider's stock valued at $419,387,000 after acquiring an additional 2,799,097 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $100.00 to $110.00 and gave the company a "market perform" rating in a research note on Thursday. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 1st. UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 3rd. Morgan Stanley initiated coverage on shares of CBRE Group in a research note on Thursday. They set an "equal weight" rating and a $105.00 price target on the stock. Finally, Raymond James upped their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus price target of $108.86.

CBRE Group Price Performance

NYSE CBRE traded up $3.12 on Friday, hitting $110.55. The stock had a trading volume of 3,578,154 shares, compared to its average volume of 1,676,749. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $112.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 34.44 and a beta of 1.40. The firm has a 50-day moving average of $90.59 and a 200-day moving average of $90.03.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business had revenue of $8.39 billion for the quarter, compared to analysts' expectations of $8.31 billion. During the same period in the prior year, the company posted $0.82 EPS. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts expect that CBRE Group, Inc. will post 4.48 EPS for the current year.

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.