Natixis Advisors LLC Has $152.92 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Natixis Advisors LLC increased its stake in CBRE Group, Inc. by 12.3%, owning approximately 1,169,288 shares valued at $152.9 million as of the end of the last quarter.
• Insider selling included CAO Lindsey S. Caplan, who sold 1,935 shares for approximately $270,900, indicating an 8.77% decrease in ownership.
• The latest quarterly earnings report revealed a profit of $1.19 per share, surpassing estimates, with total revenue reaching $9.75 billion.

Natixis Advisors LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,169,288 shares of the financial services provider's stock after buying an additional 127,793 shares during the quarter. Natixis Advisors LLC owned 0.39% of CBRE Group worth $152,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CBRE. Investment Management Corp VA ADV bought a new position in shares of CBRE Group during the fourth quarter worth about $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the first quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of CBRE Group by 183.7% during the fourth 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,031 shares of company stock valued at $1,139,304. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group increased their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Evercore ISI increased their price objective on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target of $158.00.

CBRE Group Stock Down 1.2%

CBRE stock traded down $1.85 during mid-day trading on Friday, reaching $153.89. The company had a trading volume of 1,831,747 shares, compared to its average volume of 1,568,696. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $136.84 and a two-hundred day simple moving average of $133.02. The company has a market capitalization of $45.79 billion, a price-to-earnings ratio of 43.11 and a beta of 1.30. CBRE Group, Inc. has a 52 week low of $105.17 and a 52 week high of $161.03.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share 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.