CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,449 shares of the financial services provider's stock after purchasing an additional 5,321 shares during the period. IFM Investors Pty Ltd's holdings in CBRE Group were worth $8,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Brighton Jones LLC boosted its holdings in CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in CBRE Group by 73.8% in the fourth quarter. Jones Financial Companies Lllp now owns 4,610 shares of the financial services provider's stock valued at $605,000 after purchasing an additional 1,957 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the fourth quarter valued at about $25,000. Victory Capital Management Inc. raised its stake in CBRE Group by 16.5% during the fourth quarter. Victory Capital Management Inc. now owns 229,424 shares of the financial services provider's stock valued at $30,121,000 after buying an additional 32,558 shares in the last quarter. Finally, Assetmark Inc. raised its stake in CBRE Group by 25.6% during the fourth quarter. Assetmark Inc. now owns 1,441 shares of the financial services provider's stock valued at $189,000 after buying an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,497 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $209,580.00. Following the sale, the chief accounting officer directly owned 28,211 shares in the company, valued at $3,949,540. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owned 105,371 shares in the company, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock worth $814,080 in the last three months. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $0.06 on Friday, reaching $142.45. 721,444 shares of the company were exchanged, compared to its average volume of 1,816,128. 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 is $130.00 and its two-hundred day moving average is $131.13. The firm has a market cap of $42.47 billion, a price-to-earnings ratio of 43.56 and a beta of 1.30. CBRE Group, Inc. has a 1-year low of $87.25 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CBRE. JPMorgan Chase & Co. cut their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. 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 research note on Thursday, June 12th. Finally, UBS Group upped their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday. Three investment 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. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $152.11.

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.