CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 23.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,202 shares of the financial services provider's stock after purchasing an additional 6,241 shares during the period. Handelsbanken Fonder AB's holdings in CBRE Group were worth $4,342,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in CBRE Group during the 4th quarter worth $514,609,000. Artisan Partners Limited Partnership grew its stake in CBRE Group by 290.0% during the 4th 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. Alphinity Investment Management Pty Ltd acquired a new position in CBRE Group during the 4th quarter worth $190,695,000. GAMMA Investing LLC grew its stake in CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after purchasing an additional 1,285,300 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock worth $161,876,000 after purchasing an additional 1,222,558 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CBRE shares. JPMorgan Chase & Co. lowered their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods upped their price objective on 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 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. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. 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 MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

CBRE Group Stock Performance

CBRE traded down $1.92 on Tuesday, hitting $132.18. 1,238,721 shares of the company traded hands, compared to its average volume of 1,822,009. The company has a 50 day moving average of $124.82 and a 200-day moving average of $130.97. 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 stock has a market capitalization of $39.41 billion, a PE ratio of 40.42 and a beta of 1.29. CBRE Group, Inc. has a 12-month low of $85.74 and a 12-month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm's quarterly revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction that occurred 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 owns 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now owns 27,945 shares in the company, valued at approximately $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 a total of 2,599 shares of company stock worth $333,600 in the last quarter. Company 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.