1,000 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Globeflex Capital L P

Globeflex Capital L P bought a new position in CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,000 shares of the financial services provider’s stock, valued at approximately $131,000.

Several other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its holdings in shares of CBRE Group by 15.8% during the 4th quarter. Natixis Advisors LLC now owns 1,041,495 shares of the financial services provider’s stock worth $136,738,000 after purchasing an additional 141,787 shares during the period. Frank Rimerman Advisors LLC increased its holdings in shares of CBRE Group by 4.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,356 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 174 shares during the period. Copperwynd Financial LLC bought a new position in shares of CBRE Group during the 4th quarter worth about $703,000. Aviso Financial Inc. bought a new position in shares of CBRE Group during the 4th quarter worth about $928,000. Finally, LBP AM SA increased its holdings in shares of CBRE Group by 1,007.9% during the 4th quarter. LBP AM SA now owns 147,701 shares of the financial services provider’s stock worth $19,392,000 after purchasing an additional 134,369 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBRE. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Morgan Stanley lifted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Price Performance

NYSE:CBRE opened at $125.53 on Friday. The firm has a market cap of $37.66 billion, a PE ratio of 39.98 and a beta of 1.42. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. 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 company’s 50-day moving average price is $137.35 and its two-hundred day moving average price is $131.17.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.