CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Czech National Bank

Czech National Bank grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,890 shares of the financial services provider's stock after acquiring an additional 2,671 shares during the quarter. Czech National Bank's holdings in CBRE Group were worth $8,879,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CBRE. Geode Capital Management LLC lifted its position in CBRE Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after buying an additional 245,821 shares in the last quarter. Principal Financial Group Inc. boosted its position in CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock worth $998,039,000 after purchasing an additional 177,119 shares during the period. Cantillon Capital Management LLC increased its holdings in CBRE Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock valued at $623,416,000 after purchasing an additional 25,142 shares in the last quarter. Franklin Resources Inc. raised its position in CBRE Group by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after purchasing an additional 605,403 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.1%

NYSE:CBRE traded up $0.09 during mid-day trading on Thursday, reaching $127.50. The stock had a trading volume of 1,222,502 shares, compared to its average volume of 1,834,114. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market capitalization of $38.01 billion, a price-to-earnings ratio of 40.61 and a beta of 1.30. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The stock's 50 day simple moving average is $123.15 and its two-hundred day simple moving average is $131.30.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS 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 analyst estimates of $8.73 billion. During the same quarter last year, the firm earned $0.78 EPS. The business's revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CBRE shares. JPMorgan Chase & Co. dropped their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their target price 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. UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Morgan Stanley decreased their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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 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 sale, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was 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 of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock worth $685,649 over the last 90 days. Insiders own 0.42% of the company's stock.

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.