CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 6.4% during the 4th quarter, HoldingsChannel reports. The firm owned 314,594 shares of the financial services provider’s stock after acquiring an additional 19,017 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in CBRE Group were worth $41,275,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group during the fourth quarter worth about $25,000. Denver PWM LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC grew its position in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after buying an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in CBRE Group during the 4th quarter valued at $58,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was 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 of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CBRE. Keefe, Bruyette & Woods reduced their price target on shares of CBRE Group from $145.00 to $129.00 and set a “market perform” rating on the stock in a research report on Thursday. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. UBS Group reduced their price objective 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. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Three research 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 stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $149.56.

CBRE Group Stock Up 0.2 %

Shares of CBRE Group stock opened at $117.45 on Friday. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a market capitalization of $35.22 billion, a P/E ratio of 37.41 and a beta of 1.26. The business’s fifty day moving average price is $129.97 and its two-hundred day moving average price is $132.00. 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 (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (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%. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.