BNP Paribas Financial Markets Acquires 20,987 Shares of CBRE Group, Inc. (NYSE:CBRE)

BNP Paribas Financial Markets increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 534,190 shares of the financial services provider's stock after buying an additional 20,987 shares during the quarter. BNP Paribas Financial Markets owned about 0.17% of CBRE Group worth $70,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the fourth quarter valued at approximately $25,000. Denver PWM LLC bought a new position in CBRE Group during the fourth quarter worth $29,000. Larson Financial Group LLC lifted its position in shares of CBRE Group by 610.9% in the 4th 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 during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of 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 buying an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of CBRE Group during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Up 0.9 %

Shares of CBRE stock traded up $1.14 during trading on Friday, hitting $126.67. 1,307,397 shares of the company were exchanged, compared to its average volume of 1,810,609. The business's 50-day simple moving average is $124.49 and its 200 day simple moving average is $132.03. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 40.34 and a beta of 1.30. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the business posted $0.78 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of 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 SEC, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm's 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 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 ninety days. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBRE. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI decreased their target price 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. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Morgan Stanley cut their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $149.22.

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.