Siemens Fonds Invest GmbH Buys 161,718 Shares of CBRE Group, Inc. (NYSE:CBRE)

Siemens Fonds Invest GmbH lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3,995.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,766 shares of the financial services provider’s stock after acquiring an additional 161,718 shares during the period. CBRE Group makes up about 1.1% of Siemens Fonds Invest GmbH’s investment portfolio, making the stock its 13th largest holding. Siemens Fonds Invest GmbH owned about 0.05% of CBRE Group worth $21,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBRE. Royal Bank of Canada boosted its stake in CBRE Group by 49.8% in the 4th quarter. Royal Bank of Canada now owns 645,127 shares of the financial services provider’s stock worth $84,700,000 after purchasing an additional 214,503 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of CBRE Group in the fourth quarter valued at about $9,184,000. ProShare Advisors LLC boosted its position in shares of CBRE Group by 5.2% during the fourth quarter. ProShare Advisors LLC now owns 66,995 shares of the financial services provider’s stock worth $8,796,000 after buying an additional 3,291 shares during the period. Quadcap Wealth Management LLC acquired a new position in shares of CBRE Group during the fourth quarter worth about $432,000. Finally, Quantinno Capital Management LP grew its holdings in shares of CBRE Group by 5.5% during the fourth quarter. Quantinno Capital Management LP now owns 117,595 shares of the financial services provider’s stock worth $15,439,000 after buying an additional 6,120 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Up 0.9%

Shares of CBRE stock 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 stock has a market cap of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. The firm’s 50-day moving average is $124.31 and its 200-day moving average is $132.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping 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 the consensus estimate of $8.73 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were 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 in the company, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now owns 27,945 shares of the company’s stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,424 shares of company stock worth $431,064. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research reports. UBS Group cut their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Morgan Stanley cut their price target on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.22.

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.