CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 269.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,270 shares of the financial services provider's stock after purchasing an additional 183,250 shares during the quarter. CBRE Group makes up 1.5% of Nippon Life Global Investors Americas Inc.'s investment portfolio, making the stock its 22nd largest position. Nippon Life Global Investors Americas Inc. owned approximately 0.08% of CBRE Group worth $32,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $25,000. Denver PWM LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC lifted 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 purchasing an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $58,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of CBRE stock traded down $2.00 during trading hours on Friday, reaching $120.88. 1,715,604 shares of the company's stock were exchanged, compared to its average volume of 1,828,893. The company has a market cap of $36.25 billion, a P/E ratio of 38.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company's 50 day moving average is $127.65 and its two-hundred day moving average is $132.10. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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. The business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CBRE shares. JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods reduced their price objective on CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Finally, Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.00.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was 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 $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value 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 position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

About CBRE Group

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.