CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,643,928 shares of the financial services provider's stock after acquiring an additional 65,419 shares during the period. Nuveen Asset Management LLC owned 0.54% of CBRE Group worth $215,831,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CBRE. Wedmont Private Capital increased its holdings in shares of CBRE Group by 5.8% in the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 206 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in CBRE Group by 18.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider's stock valued at $440,000 after buying an additional 513 shares during the period. Park Avenue Securities LLC raised its position in CBRE Group by 43.0% during the 4th quarter. Park Avenue Securities LLC now owns 35,160 shares of the financial services provider's stock worth $4,616,000 after buying an additional 10,573 shares during the last quarter. Burney Co. raised its position in CBRE Group by 398.3% during the 4th quarter. Burney Co. now owns 15,147 shares of the financial services provider's stock worth $1,989,000 after buying an additional 12,107 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of CBRE Group in the 4th quarter worth $1,008,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business'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 completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,424 shares of company stock worth $431,064 in the last ninety days. Insiders own 0.42% of the company's stock.

CBRE Group Price Performance

CBRE traded down $1.38 during trading on Monday, reaching $130.23. 1,817,117 shares of the stock were exchanged, compared to its average volume of 1,810,340. 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 has a market capitalization of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business's 50 day moving average price is $124.42 and its two-hundred day moving average price is $132.06.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm's revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.