70,500 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 70,500 shares of the financial services provider’s stock, valued at approximately $9,184,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the 4th quarter worth $25,000. Denver PWM LLC purchased a new position in CBRE Group in the 4th quarter worth $29,000. Colonial Trust Co SC raised its stake in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Larson Financial Group LLC raised its stake in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

NYSE:CBRE opened at $130.22 on Friday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $38.82 billion, a PE ratio of 41.47 and a beta of 1.30. The stock’s 50-day moving average price is $124.31 and its 200-day moving average price is $132.04.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,424 shares of company stock worth $431,064. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.22.

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.