CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 942.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,255 shares of the financial services provider's stock after purchasing an additional 5,655 shares during the quarter. Central Pacific Bank Trust Division's holdings in CBRE Group were worth $818,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group during the fourth quarter worth approximately $25,000. Investment Management Corp VA ADV acquired a new position in CBRE Group in the 4th quarter valued at $28,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter worth $29,000. Colonial Trust Co SC raised its position in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after buying an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake 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 acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CBRE shares. JPMorgan Chase & Co. dropped their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. 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 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, CBRE Group currently has an average rating of "Moderate Buy" and an average target price of $149.22.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, 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. In the last quarter, insiders sold 5,396 shares of company stock worth $685,649. 0.42% of the stock is owned by corporate insiders.

CBRE Group Price Performance

Shares of CBRE traded up $2.00 during mid-day trading on Wednesday, reaching $126.94. 437,042 shares of the company's stock were exchanged, compared to its average volume of 1,831,541. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $123.18 and a two-hundred day simple moving average of $131.33. The company has a market cap of $37.84 billion, a price-to-earnings ratio of 40.43 and a beta of 1.30.

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 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 during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the business posted $0.78 earnings per share. CBRE Group's revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.