IFM Investors Pty Ltd Has $8.02 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

IFM Investors Pty Ltd increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group during the fourth quarter worth about $25,000. Investment Management Corp VA ADV bought a new position in shares of CBRE Group during the fourth quarter worth about $28,000. Golden State Wealth Management LLC grew its position in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares during the last quarter. Colonial Trust Co SC grew its position in shares of CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRE has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. 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 note on Thursday, June 12th. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group upped their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Three equities 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.11.

CBRE Group Stock Performance

CBRE stock traded down $0.36 during midday trading on Monday, hitting $142.82. 192,710 shares of the company traded hands, compared to its average volume of 1,809,769. CBRE Group, Inc. has a twelve month low of $87.25 and a twelve month high of $147.75. 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 business has a 50 day simple moving average of $130.00 and a 200-day simple moving average of $131.17. The stock has a market capitalization of $42.58 billion, a price-to-earnings ratio of 43.66 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating 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 the consensus estimate of $8.73 billion. During the same quarter last year, the company posted $0.78 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock worth $814,080 over the last 90 days. 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.