Keybank National Association OH Has $1.91 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Keybank National Association OH raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 17.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,639 shares of the financial services provider's stock after buying an additional 2,201 shares during the quarter. Keybank National Association OH's holdings in CBRE Group were worth $1,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after buying an additional 11,065 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of CBRE Group by 73.8% in the 4th 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 period. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the 4th quarter worth $25,000. Charles Schwab Investment Management Inc. grew its stake in shares of CBRE Group by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,917,399 shares of the financial services provider's stock worth $251,735,000 after purchasing an additional 40,675 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in CBRE Group by 16.5% in 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 purchasing an additional 32,558 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider directly owned 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,031 shares of company stock valued at $814,080. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CBRE. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. dropped their price target 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. Finally, 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 research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and a consensus price target of $152.11.

CBRE Group Price Performance

Shares of CBRE stock traded down $0.06 on Friday, reaching $142.45. The company had a trading volume of 721,444 shares, compared to its average volume of 1,813,156. The business's 50-day moving average is $130.00 and its 200 day moving average is $131.12. CBRE Group, Inc. has a one year low of $86.19 and a one year 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 stock has a market capitalization of $42.47 billion, a PE ratio of 43.56 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its 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 firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the company earned $0.78 earnings per share. The business's quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

About CBRE Group

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.