Canada Pension Plan Investment Board Acquires 181,238 Shares of CBRE Group, Inc. (NYSE:CBRE)

Canada Pension Plan Investment Board raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,304,875 shares of the financial services provider’s stock after acquiring an additional 181,238 shares during the quarter. Canada Pension Plan Investment Board’s holdings in CBRE Group were worth $171,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Capital Financial Advisors LLC lifted its stake in shares of CBRE Group by 1.9% during the 4th quarter. United Capital Financial Advisors LLC now owns 9,680 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 184 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of CBRE Group by 62.6% during the fourth quarter. Guggenheim Capital LLC now owns 10,757 shares of the financial services provider’s stock valued at $1,412,000 after buying an additional 4,141 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of CBRE Group in the 4th quarter valued at about $612,000. CreativeOne Wealth LLC purchased a new position in shares of CBRE Group in the 4th quarter worth approximately $572,000. Finally, Mariner LLC raised its stake in shares of CBRE Group by 19.1% during the 4th quarter. Mariner LLC now owns 58,770 shares of the financial services provider’s stock worth $7,716,000 after acquiring an additional 9,438 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. UBS Group lowered their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley lifted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.56.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents 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 Up 0.2 %

NYSE:CBRE opened at $117.45 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company’s fifty day moving average price is $130.45 and its 200-day moving average price is $132.04. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm has a market capitalization of $35.22 billion, a P/E ratio of 37.41 and a beta of 1.26.

CBRE Group (NYSE:CBRE) last announced its quarterly 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 return on equity of 16.96% and a net margin of 2.71%. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.