Nissay Asset Management Corp Japan ADV Decreases Stake in CBRE Group, Inc. (NYSE:CBRE)

Nissay Asset Management Corp Japan ADV trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 48,891 shares of the financial services provider’s stock after selling 775 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in CBRE Group were worth $6,387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of CBRE Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider’s stock valued at $1,035,229,000 after acquiring an additional 245,821 shares during the period. Principal Financial Group Inc. increased its position in shares of CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after purchasing an additional 177,119 shares during the last quarter. Cantillon Capital Management LLC raised its stake in CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock valued at $623,416,000 after buying an additional 25,142 shares in the last quarter. Franklin Resources Inc. lifted its stake in CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider’s stock worth $538,390,000 after purchasing an additional 605,403 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after buying an additional 3,011,566 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their target price on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Morgan Stanley lowered their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.22.

CBRE Group Stock Performance

Shares of CBRE opened at $130.22 on Friday. The firm has a market capitalization of $38.82 billion, a PE ratio of 41.47 and a beta of 1.30. 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 firm has a 50-day moving average price of $124.31 and a 200 day moving average price of $132.04. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

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 transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business’s 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,424 shares of company stock valued at $431,064. 0.42% of the stock is owned by insiders.

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.