ProShare Advisors LLC Purchases 3,291 Shares of CBRE Group, Inc. (NYSE:CBRE)

ProShare Advisors LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,995 shares of the financial services provider's stock after purchasing an additional 3,291 shares during the period. ProShare Advisors LLC's holdings in CBRE Group were worth $8,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Merit Financial Group LLC bought a new position in CBRE Group during the fourth quarter worth $256,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of CBRE Group by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after buying an additional 338,298 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CBRE Group during the 4th quarter worth about $36,643,000. Finally, Pacer Advisors Inc. grew its stake in CBRE Group by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider's stock valued at $3,299,000 after buying an additional 2,798 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

NYSE:CBRE traded down $7.41 during trading on Wednesday, reaching $120.91. The company's stock had a trading volume of 2,552,997 shares, compared to its average volume of 1,815,428. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 38.51 and a beta of 1.30. The firm has a 50 day moving average of $124.62 and a 200-day moving average of $132.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.78 earnings per share. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm'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 disclosure for this sale can be found here. Insiders have sold a total of 5,396 shares of company stock valued at $685,649 over the last three months. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CBRE has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley decreased their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.