CBRE Group, Inc. (NYSE:CBRE) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew 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 Form 13F filing with the SEC. The firm 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 0.14% of CBRE Group worth $54,200,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CBRE Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock worth $1,035,229,000 after purchasing an additional 245,821 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after purchasing an additional 605,403 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after buying an additional 3,011,566 shares during the last quarter. Finally, Norges Bank purchased a new position in CBRE Group in the fourth quarter valued at $514,609,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE traded down $0.77 during trading on Friday, hitting $140.44. The stock had a trading volume of 1,049,015 shares, compared to its average volume of 1,814,509. CBRE Group, Inc. has a twelve month low of $91.19 and a twelve month high of $147.75. The firm has a market capitalization of $41.87 billion, a P/E ratio of 42.95 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50-day moving average price is $131.50 and its 200 day moving average price is $131.46.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CBRE. Evercore ISI upped their price objective on CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.78.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction that occurred 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 directly owned 27,945 shares in the company, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,031 shares of company stock valued at $814,080 over the last quarter. Company insiders own 0.42% of the company's stock.

CBRE Group Company 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.