DekaBank Deutsche Girozentrale Buys 8,725 Shares of CBRE Group, Inc. (NYSE:CBRE)

DekaBank Deutsche Girozentrale boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,203 shares of the financial services provider's stock after purchasing an additional 8,725 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.14% of CBRE Group worth $54,200,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CBRE. AlphaStar Capital Management LLC grew its stake in shares of CBRE Group by 11.4% during the 1st quarter. AlphaStar Capital Management LLC now owns 20,770 shares of the financial services provider's stock worth $2,716,000 after purchasing an additional 2,122 shares during the period. Valeo Financial Advisors LLC raised its holdings in CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after buying an additional 85 shares during the period. Blackhawk Capital Partners LLC. purchased a new stake in shares of CBRE Group during the first quarter valued at approximately $205,000. Brown Advisory Inc. raised its stake in shares of CBRE Group by 22.6% during the first quarter. Brown Advisory Inc. now owns 128,727 shares of the financial services provider's stock valued at $16,835,000 after purchasing an additional 23,772 shares during the period. Finally, Beverly Hills Private Wealth LLC grew its position in shares of CBRE Group by 1.9% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock worth $663,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 0.0%

CBRE stock traded down $0.04 during midday trading on Wednesday, reaching $139.85. The stock had a trading volume of 1,379,638 shares, compared to its average volume of 1,813,806. The business has a fifty day simple moving average of $130.79 and a two-hundred day simple moving average of $131.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market cap of $41.69 billion, a price-to-earnings ratio of 42.77 and a beta of 1.30. CBRE Group, Inc. has a twelve month low of $87.81 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. 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 company earned $0.78 EPS. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research reports. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods upped their price target on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $152.78.

Insider Buying and Selling at CBRE Group

In other 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 transaction of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider owned 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,031 shares of company stock worth $814,080. Corporate insiders own 0.42% of the company's stock.

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.