MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.15 Million Position in CBRE Group, Inc. (NYSE:CBRE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,441 shares of the financial services provider's stock after selling 3,461 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in CBRE Group were worth $7,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CBRE. Ritholtz Wealth Management acquired a new stake in CBRE Group in the 4th quarter worth approximately $1,008,000. Procyon Advisors LLC lifted its holdings in CBRE Group by 12.3% in the 4th quarter. Procyon Advisors LLC now owns 10,203 shares of the financial services provider's stock worth $1,340,000 after purchasing an additional 1,120 shares during the last quarter. Avanza Fonder AB acquired a new stake in CBRE Group in the 4th quarter worth approximately $4,071,000. Merit Financial Group LLC acquired a new stake in CBRE Group in the 4th quarter worth approximately $256,000. Finally, Integrated Investment Consultants LLC lifted its holdings in CBRE Group by 4.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,007 shares of the financial services provider's stock worth $395,000 after purchasing an additional 137 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE:CBRE traded up $0.70 during trading hours on Friday, reaching $121.13. The company had a trading volume of 2,064,762 shares, compared to its average volume of 1,824,480. The stock has a 50-day moving average of $124.25 and a two-hundred day moving average of $131.78. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The firm has a market capitalization of $36.11 billion, a PE ratio of 38.57 and a beta of 1.30. The company has a quick ratio of 1.13, a current ratio of 1.07 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. 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 business posted $0.78 earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target 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. UBS Group dropped their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Raymond James downgraded 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 report on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business's 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 completion of 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 have sold 5,396 shares of company stock worth $685,649 over the last three months. Company insiders own 0.42% of the company's stock.

CBRE Group 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.