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

NBC Securities Inc. grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 104,209.1% during the first quarter, Holdings Channel reports. The firm owned 11,474 shares of the financial services provider’s stock after acquiring an additional 11,463 shares during the quarter. NBC Securities Inc.’s holdings in CBRE Group were worth $1,500,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership grew its stake in CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after buying an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in CBRE Group during the 4th quarter worth $190,695,000. GAMMA Investing LLC increased its position in CBRE Group by 20,889.0% in the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider’s stock worth $168,896,000 after buying an additional 1,285,300 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in CBRE Group by 11,750.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock valued at $161,876,000 after buying an additional 1,222,558 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. UBS Group dropped their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Morgan Stanley reduced their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $124.52 on Tuesday. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 39.66 and a beta of 1.30. 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, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock’s 50 day moving average price is $123.32 and its 200 day moving average price is $131.37.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company 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 firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,396 shares of company stock valued at $685,649 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

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.