CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,392 shares of the financial services provider’s stock after acquiring an additional 403 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CBRE Group were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schechter Investment Advisors LLC lifted its holdings in CBRE Group by 6.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 168 shares during the last quarter. Greenfield Savings Bank raised its holdings in CBRE Group by 4.2% during the 4th quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock worth $423,000 after buying an additional 184 shares during the period. HB Wealth Management LLC raised its holdings in CBRE Group by 3.7% during the 3rd quarter. HB Wealth Management LLC now owns 5,314 shares of the financial services provider’s stock worth $392,000 after buying an additional 192 shares during the period. Western Pacific Wealth Management LP raised its holdings in CBRE Group by 11.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,885 shares of the financial services provider’s stock worth $139,000 after buying an additional 200 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in CBRE Group by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock worth $1,684,000 after buying an additional 219 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CBRE. Raymond James boosted their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group started coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

CBRE Group Price Performance

Shares of CBRE opened at $87.11 on Wednesday. The company has a market capitalization of $26.74 billion, a price-to-earnings ratio of 27.48 and a beta of 1.42. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $92.40 and its 200-day moving average is $85.18.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Equities research analysts expect that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.54% of the company’s stock.

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.