CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Bamco Inc. NY

Bamco Inc. NY grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,390,985 shares of the financial services provider's stock after buying an additional 91,154 shares during the period. Bamco Inc. NY owned 0.45% of CBRE Group worth $182,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $25,000. Denver PWM LLC acquired a new position in CBRE Group during the 4th quarter worth $29,000. Larson Financial Group LLC increased its holdings in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the period. Catalyst Capital Advisors LLC raised its position in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 238 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of CBRE Group in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on 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 in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,424 shares of company stock worth $431,064 in the last 90 days. 0.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

CBRE has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. UBS Group lowered their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. 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's stock. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Trading Down 1.6 %

Shares of NYSE CBRE traded down $1.97 on Tuesday, reaching $124.00. 1,048,674 shares of the company traded hands, compared to its average volume of 1,814,998. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a 50 day moving average of $125.39 and a 200 day moving average of $132.04. The stock has a market capitalization of $36.96 billion, a PE ratio of 39.49 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share 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.