NBC Securities Inc. Increases Holdings in CBRE Group, Inc. (NYSE:CBRE)

NBC Securities Inc. raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 104,209.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,474 shares of the financial services provider's stock after buying an additional 11,463 shares during the quarter. NBC Securities Inc.'s holdings in CBRE Group were worth $1,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC boosted its stake in shares of CBRE Group by 7.8% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 2,973 shares of the financial services provider's stock valued at $389,000 after purchasing an additional 216 shares in the last quarter. Wright Investors Service Inc. boosted its position in CBRE Group by 2.4% during the 1st quarter. Wright Investors Service Inc. now owns 12,767 shares of the financial services provider's stock valued at $1,670,000 after acquiring an additional 301 shares in the last quarter. Czech National Bank boosted its position in CBRE Group by 4.1% during the 1st quarter. Czech National Bank now owns 67,890 shares of the financial services provider's stock valued at $8,879,000 after acquiring an additional 2,671 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of CBRE Group by 4.2% during the 1st quarter. Rhumbline Advisers now owns 571,740 shares of the financial services provider's stock worth $74,772,000 after acquiring an additional 23,146 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of CBRE Group by 3.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,462 shares of the financial services provider's stock worth $453,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Up 2.1%

Shares of NYSE CBRE traded up $2.62 during midday trading on Wednesday, hitting $127.56. The stock had a trading volume of 1,456,142 shares, compared to its average volume of 1,835,491. The business's 50 day moving average is $123.18 and its 200-day moving average is $131.33. 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 market cap of $38.03 billion, a P/E ratio of 40.62 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the transaction, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer now directly owns 105,371 shares in the company, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,396 shares of company stock valued at $685,649. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CBRE shares. Morgan Stanley dropped their price target 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. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. UBS Group decreased their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $149.22.

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.