Asset Management One Co. Ltd. Acquires 13,115 Shares of CBRE Group, Inc. (NYSE:CBRE)

Asset Management One Co. Ltd. lifted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,616 shares of the financial services provider's stock after acquiring an additional 13,115 shares during the quarter. Asset Management One Co. Ltd.'s holdings in CBRE Group were worth $16,690,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of CBRE Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock worth $1,035,229,000 after acquiring an additional 245,821 shares in the last quarter. Cantillon Capital Management LLC grew its stake in shares of CBRE Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock worth $623,416,000 after acquiring an additional 25,142 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of CBRE Group by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after acquiring an additional 605,403 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after acquiring an additional 3,011,566 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of CBRE Group in the 4th quarter worth $514,609,000. Institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the transaction, the chief accounting officer now directly owns 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

NYSE CBRE traded up $1.32 during trading on Friday, hitting $139.41. 2,667,164 shares of the company's stock traded hands, compared to its average volume of 1,814,380. The stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 42.63 and a beta of 1.29. CBRE Group, Inc. has a 12-month low of $85.74 and a 12-month high of $147.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50 day moving average of $127.36 and a 200-day moving average of $130.95.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The company's revenue for the quarter 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 fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBRE. JPMorgan Chase & Co. cut their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

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.